Majority Shareholding Of Portland Cement Zambia Company Goes To Dr. Rajan Mahtani As per Court Of Appeal Decision

31stJanuary 2019 was a critical day for Dr. Rajan Mahtani as on this day, his years of patience, struggle and perseverance paid off. On this day, the Court of Appeal declared an official conclusion on Portland Cement Zambia. This choice came around nine months after Dr. Rajan Mahtani re-enrolled the case at the Court of Appeal. In spite of his fruitful business umpire, Dr. Rajan Mahtani is continually confronting various difficulties, significantly because of the degenerate strategic policies and defilement he needs to look every day. In any case, Dr. Rajan Mahtani has kept up a straightforward and moral way and accordingly, is one of the praised businessmen in Zambia.

Lusaka High Court was the underlying court where the instance of Portland Cement Zambia was at first enlisted. After it neglected to give the correct judgment, Dr. Rajan Mahtani then moved toward Court of Appeal. The judge at the Court of Appeal was Justice Mwinde and he reported an ultimate choice on 31st January 2019 during the morning court session. According to this choice, Dr. Rajan Mahtani possessed Finsbury Investments is greater part investor of the Zambezi Portland Cement with 58 percent shares at the production line. Then again, Ventriglias claimed Ital Terrazzo Limited holds 42 percent shares at the industrial facility and are just minority investors of the Zambezi Portland Cement. In light of this choice, Dr. Rajan Mahtani is unmistakably the lawful proprietor of the manufacturing plant.

Moreover, the judge at the Court of Appeal additionally said that the judge beneath him wasn’t right in announcing Ventriglias as just investors as this choice was misled and against the premiums of the open strategies. As of now, all forgery related allegations pressed in the court were discarded by the judge as no concrete evidence was found. Also, a timeline of three months from the date of the judgment has been given for completing share sales process.