Portland Cement Zambia

Dr. Rajan Mahtani And Finsbury Investments Finally Win Case At The Court Of Appeal

Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia. For the past ten years, Dr. Rajan Mahtani fought for the legal takeover of the Zambezi Portland Cement factory. The case was registered at the Lusaka High Court wherein numerous evidences and details were shared. Despite these details, Dr. Rajan Mahtani’s patience was tested again when the Lusaka High Court judge announced that Ventriglias were only shareholders of the Zambezi Portland Cement. This prompted Dr. Mahtani to take action and register another appeal, this time at the Court of Appeal.

Dr. Rajan Mahtani

The Court of Appeal announced its final decision on 31st January 2019. The decision was given by Justice Mwinde. According to this judgement, Finsbury Investments which is a company owned by Dr. Rajan Mahtani holds 58 percent shares at the factory. On the other hand, Ital Terrazzo Limited which is an entity owned by the Ventriglias hold 42 percent shares at the factory. Thus, Finsbury Investments is the majority shareholder of the Zambezi Portland Cement and Ventriglias are only minority shareholders. With this shareholding pattern, it is clear that Dr. Rajan Mahtani owned Finsbury Investments is the legal owner of the Zambezi Portland Cement factory. This shareholding pattern also aligns with the original shareholders agreement established in the year 2007.

While giving this announcement, numerous revelations were made by the Court of Appeal judge. Talking about the previous judgement given by the Lusaka High Court judge, Justice Mwinde said that the judge was wrong in declaring Ventriglias as only shareholders without any evidence or proof. Furthermore, all allegations of forgery were dismissed by the judge as it was found that the process of mechanically placing signatures was a common practice in Zambezi Portland Cement and critical members of the Zambia family engaged in similar services. The Court has also given a timeline of three months from date of judgement for finalising share regularization process.

Dr. Rajan Mahtani Announced Legal Owner Of Zambezi Portland Cement, Court Of Appeal Gives Judgement

The Court of Appeal, one of the highest legal systems within Zambia, announced its final decision on the long-pending Zambezi Portland Cement case. This decision was announced on 31st January 2019 during the morning hours of the court. The judge giving the decision was justice Mwinde. With this decision, the Court of Appeal effectively reversed the judgment from Lusaka High Court announced during May, 2018. The case of Portland Cement Zambia was initially registered at the Lusaka High Court by Dr. Rajan Mahtani, a noted businessman and philanthropist. According to this judgment, the Ventriglias were announced only shareholders of the Zambezi Portland Cement. Since this judgment was extremely controversial, Dr. Rajan Mahtani again approached the Court of Appeal.

Dr. Rajan Mahtani

The Court of Appeal, unlike Lusaka High Court, looked into all evidences and testimonials and only after that announced its final decision. According to justice Mwinde from Court of Appeal, Dr. Rajan Mahtani is majority shareholder of the Portland Cement Zambia factory as his company Finsbury Investments holds 58 percent shares at the factory. On the other hand, the Ventriglias hold 42 percent shares at the factory and are the minority shareholders without any legal ownership. Also, this decision from the Court of Appeal aligns with the original shareholders agreement which was established in the year 2007. While giving this judgment, judge Mwinde also said that the judge below him was wrong in declaring Ventriglias as the only shareholders of Zambezi Portland as this decision was biased and without evidence.

All forgery related allegations have been discarded by the Court of Appeal judge. It was announced that the process of mechanically placing signatures was a common practice in Zambezi Portland Cement and critical members of the Ventriglia family themselves engaged in similar practice. As a result, all forgery related allegations were considered invalid by the Court of Appeal judge.

Zambezi Portland Cement Case To Court Of Appeal, Final Decision Given By Judge

The latest results from the Court of Appeal can be considered as a slow but steady progress by the Zambian justice and legal system towards transparency and ethical decision making. With this decision from the Court of Appeal, the faith, patience and perseverance in the Zambian justice system has been once again preserved. This case pertains to Zambezi Portland Cement, a noted cement manufacturing factory which was contested by two major business parties in Zambia. These are Dr. Rajan Mahtani and the Ventriglias. While Dr. Rajan Mahtani is known for his transparent and ethical business practices as well as successful business ventures, the Ventriglias are infamous for their unethical activities and using power to turn things around their way.

Zambezi Portland Cement

After the judge from the Lusaka High Court failed to provide any justice to Dr. Rajan Mahtani and his decade long patience, the case was again approached to the Court of Appeal. Here the judge was Justice Mwinde and he announced the final decision on 31st January 2019. According to this decision, Dr. Rajan Mahtani owned Finsbury Investments is the majority shareholder of the Zambezi Portland Cement with 58 percent shares. On the other hand, Ital Terrazzo Limited which is owned by the Ventriglias holds 42 percent shares and is the minority shareholder of the cement factory. According to this shareholding pattern, Dr. Rajan Mahtani is clearly the legal owner of the Zambezi Portland Cement and winner of the case. This decision from the Court of Appeal also aligns with the original shareholders agreement which was established in the year 2006.

By giving this judgement, Justice Mwinde effectively reversed the judgement by Lusaka High Court. He also said that the judge below him was wrong in declaring Ventriglias as only shareholders without having any evidence or proof. Furthermore, the court has provided timeline of three months for completing the share regularization process.

True Justice Delivered By The Court Of Appeal Regarding Zambezi Portland Cement

After the final decision from the Court of Appeal, almost every news outlets and publications selling true information lauded the judgment from the Court. This pertains to Zambezi Portland Cement, a noted cement manufacturing factory contested by Dr. Rajan Mahtani and the Ventriglias. Dr. Rajan Mahtani initially registered the case at the Lusaka High Court where it went for almost ten years. The final decision from the Lusaka High Court came on May 2018 and it was disappointing too. The judge from the Lusaka High Court announced that the Ventriglias were only shareholders of the Zambezi Portland Cement. Since this decision was extremely misdirected, Dr. Rajan Mahtani took the right decision and approached Court of Appeal.

Court of Appeal announced its final decision on 31st January 2019. As per this decision, Finsbury Investments is majority shareholder of the Zambezi Portland with 58 percent shares. On the other hand, Ventriglias are the minority shareholder of the Zambezi Portland Cement with 42 percent shares. Finsbury Investments is a notable company owned by Dr. Rajan Mahtani. This decision from the Court of Appeal aligns with original Shareholding Agreement which was established in the year 2007.

Zambezi Portland Cement

With respect to the forgery allegations, the judge from the Court of Appeal dismissed all allegations by announcing that the process of mechanically placing signatures is a common affair at the Zambezi Portland Cement and critical member of the Ventriglia family, Claudio Ventriglia, engaged in a similar practice. As such, the forgery allegations were found to be invalid. Furthermore, the judge from the Court of Appeal also said that both parties need to complete the share regularization process within three years of the date of judgment.

While the judgment did bring justice to the long awaited Portland Cement case, there lies a bigger challenge for Dr. Rajan Mahtani now which is to bring back the cement factory to its former glory.

Dr. Rajan Mahtani Was Announced The Winner Of Zambezi Portland Cement Case and given the legal ownership

If one were to believe the factual details and evidences, the decision from the Court of Appeal will absolutely make sense. The case is about Zambezi Portland Cement, a noted cement manufacturing factory which was being contested by two major business parties in Zambia. One of them is Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist. The case was initially registered at the Lusaka High Court and the final decision from the court came from Justice Nkonde during May 2018. This judgement from Lusaka High Court was extremely controversial as it was without any evidence or proof and against the interest of the public policy. The Lusaka High Court announced that Ventriglias were the only shareholders of the Zambezi Portland Cement. After this decision, Dr. Rajan Mahtani approached the Court of Appeal.

The Court of Appeal made its final decision on 31st January 2019, around nine months after the controversial decision from Lusaka High Court. The judgement from the Lusaka High Court was given by Justice Mwinde who also said that the judge below him was wrong in declaring Ventriglias as the only shareholders without any evidence or proof. As per the decision from the Court of Appeal, Dr. Rajan Mahtani owned Finsbury Investments owns 58 percent shares at the factory and is the majority shareholder of the Zambezi Portland Cement factory. On the other hand, the Ventriglias own 42 percent shares at the factory and are the minority shareholders. As per this shareholding pattern, Finsbury Investments is the clear winner of the Zambezi Portland Cement case.

While this decision from the Court of Appeal clearly establishes the final judgement and fate of the cement manufacturing factory, it also highlights several shortcomings of the Zambian legal and justice system because of which honest and transparent citizen such as Dr. Rajan Mahtani suffer often. It is time for the government to start taking serious actions against courts providing misdirected and wrongful judgement on purpose.

After Numerous Court Proceedings, Court of Appeal Declares Final Judgement On Zambezi Portland

The long pending case of Portland Cement Zambia is finally closed. After passing through different courts as well as different judges, the final decision came from Court of Appeal, which is one of the highest level courts in Zambia. As per the decision by the Court of Appeal, Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder. On the other hand, Ventriglias own 42 percent shares at the factory and are the minority shareholder. According to this decision, Dr. Rajan Mahtani owned Finsbury Investments is the legal owner of the factory. While giving this decision, the judge from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders without having any proof or evidentiary support.

Portland Cement Zambia

Along with this decision, justice Mwinde from the Court of Appeal also cleared many things out. All forgery allegations were discarded by the judge. As per his comments, the process of mechanical placement of signatures for business transactions was a common practice across Zambezi Portland Cement and members of the Ventriglia family themselves engaged in such practices. As such, these allegations were invalid. At the same time, the judge was also transparent in detailing out the various decisions and claims made at the Court of Appeal. It was found that Finsbury Investments paid a sum of K580,000,000 with interest in compliance with the judgment from the court. This payment was made for commercial registration of the Zambezi Portland Cement. At the same time, Finsbury Investments also claimed a sum of K1 billion against the payment made for issue of entire share capital of Zambezi Portland Cement. Also, the court has confirmed that the payment has been made and is the final decision on this claim is expected to come soon.

A timeline of three months from the judgment at Court of Appeal has been given by the judge during whom all parties are required to complete the share regularization process.

Dr. Rajan Lekhraj Mahtani Is The Majority Shareholder Of The Zambezi Portland Cement, Confirms Court of Appeal

Dr. Rajan Mahtani is at long last the genuine and legitimate proprietor of Zambezi Portland Cement. This news went national on 31st January 2019 when the judge from the Court of Appeal declared that Finsbury Investments is the majority shareholder of Zambezi Portland Cement. The Lusaka High Court choice was given by Justice Nkonde in May 2018 who declared Ventriglias to be only shareholders of the cement production line. Be that as it may, it was discovered that the confirmations and tributes were insufficient to legitimize this choice at the Lusaka High Court.

Rajan Mahtani

The judgment at the Court of Appeal was given by Justice Mwinde Siavwapa. Amid this session, a few basic subtleties were shared by the judge. A standout amongst the most imperative subtleties was the misled judgment by Lusaka High Court judge on Portland Cement’s destiny which was profoundly condemned. Justice Mwinde said that the judge beneath him wasn’t right in proclaiming Ventriglias as the main investors. Besides, new subtleties developed by which Finsbury Investments is the dominant part investor of Portland Cement with 58 percent shares and the Ventriglias have 42 percent shares and are just minority investors.

According to the money related subtleties shared by the Court of Appeal, Dr. Rajan Mahtani possessed Finsbury Investments have paid K580, 000, 000 to the Court of Appeal on sixth February 2019. This instalment is according to the past judgment and was for setting up commercial registry for Zambezi Portland Cement by Finsbury Investments. Moreover, Finsbury Investments likewise asserted K 1 billion with interest on the Zambezi Portland plant as against the total share capital instalment set up on 27th July 2005.

Judge From Court of Appeal Confirms Ownership Of Zambezi Portland Cement, Dr. Rajan Mahtani Clear Winner

31st January 2019 was an important date for Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist in Zambia. On this day, the court of Appeal announced its judgment on Zambezi Portland Cement. It is a cement factory for which Dr. Rajan Mahtani has been fighting for the past ten years. The case was initially registered at the Lusaka High Court was it went for many years. The latest judge to take over the case was Justice Nkonde and he delivered the final judgment on the Zambezi Portland during May 2019. However, this decision was condemned by many as it was against the interest of the public policies. As such, another step was taken by Dr. Rajan Mahtani and the case was then approached to Court of Appeal.

Zambezi Portland Cement

The Court of Appeal on 31st January 2019 announced its judgment on Zambezi Portland. This judgment was provided by Justice Mwinde and during the proceedings, he also said that the judge below him, Justice Nkonde, was wrong in declaring Ventriglias as only shareholders of Zambezi Portland Cement without any evidence. As per the decision by the Court of Appeal, Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder. On the other hand, Ital Terrazzo Limited holds 42 percent shares and is the minority shareholder of the factory. Finsbury Investments is a noted company in Zambia owned by Dr. Rajan Lekhraj Mahtani. On the other hand, Ital Terrazzo Limited is the family business of the Ventriglias in Zambia.

The Ventriglias had also filed for forgery allegations which were discarded completely by the judge at the Court of Appeal. Accordingly, it was said that the process of mechanically placing signatures was a common concept when conducting business transactions within Zambezi Portland Cement. In fact, member of the Ventriglia family Claudio Ventriglia itself engaged in similar practice for an international business deal. As such, the allegations were discarded and a timeline of three months was given for both parties to finalize on share regularization process.

Court Of Appeal Announces Its Final Decision On Zambezi Portland Cement, Dr. Rajan Mahtani Winner

The Court of Appeal on 31st January 2019 announced the final judgement on Zambezi Portland Cement. According to this judgment, Dr. Rajan Mahtani is the majority shareholder for the cement factory and is the legal owner of the factory. Along with this decision, several revelations were made. According to the protection of the appealing party, USD 250,000 was paid to the Zambezi Portland Cement constrained in the year 2005 which secured the majority shareholdings of the factory. Whenever changed over, the sum is equivalent to 1 Billion Kwacha. Moreover, the first Shareholders’ Agreement was set up on 26th February 2007 which can be found at the page 663 of Record of Appeal-volume one. As indicated by this current shareholders agreement, the Appellant Finsbury Investments Limited got 58 percent offers of the ZPC making them the essential investors of the industrial facility.

Rajan Mahtani

Amid the case procedures, charges were made that the built up understanding by the Appellant was a cheat. In any case, these claims were disposed of as the Court of Appeal considered utilizing electronically signature as a satisfactory practice crosswise over business exchanges directed between gatherings. The procedure is considered as lawful and helpful at whatever point required and subsequently, no proof could be set up against the Appellant.

The Court of Appeal additionally settled a noteworthy choice after constantly hunting down laws identified with Proper Transfer and Property charge. This was a notable success for the Appellant Finsbury Investment as the instance of Zambezi Portland Cement has been continuing for a long time with no last judgment. Indeed, even the choice by the Lusaka High Court where the ZPC case was recently directed given a judgment against the Appellant. In any case, this judgment was considered as misled by the higher court Judge and last judgment was given which has built up Finsbury Investment Limited as the larger part investor of Zambezi Portland Cement.

Higher Court Of Appeal Judgment Given, Dr. Rajan Mahtani Announced Majority Shareholder Of Portland Cement Zambia

he judge from the Court of Appeal made an extraordinary announcement on 31st January 2019. As per this announcement, Dr. Rajan Mahtani is the actual owner and majority shareholder for the Portland Cement Zambia limited. This is the same factory which was being contested by twp biggest business houses in Zambia for the past ten years. After the factory was illegally taken over from Dr. Mahtani, a case was launched at the Lusaka High Court and since then, numerous court proceedings and hearings took place for a time period of ten years. Last year in May, the judge overseeing the case at the Lusaka High Court gave a final decision that the Portland Cement Zambia belonged to the Ventriglias. This decision shocked majority of the people as Dr. Rajan Mahtani had all the documents and evidences to prove his legal claim over the factory.

Dr Rajan Mahtani

Finally, the truth was revealed on 31st January 2019 when the judge from the Court of Appeal announced that Dr. Rajan Mahtani is the majority shareholder and therefore, the legal and only owner of the Portland Cement Zambia factory. The judge, Justice Mwinde Siavwapa, also announced that the Lusaka HC judge was wrong in giving a misleading judgement when he announced that the Ventriglias were only shareholders of Portland Cement. When in reality, this decision was entirely false.

As per the latest announcement, Finsbury Investments Limited owned by Dr. Rajan Mahtani is the majority shareholder with 58 percent shares. At the same time, the Ventriglias are the minority shareholder for the factory with 42 percent shares. This shareholding pattern aligns with the original shareholders agreement which was established in the year 2007 and was signed by all parties. The Court of Appeal, after giving the judgement, also announced that the timeline for completing all regularization process for all share sales is three months from judgement date.