Perhaps the best trial of tolerance and steadiness for Dr. Rajan Mahtani has been because of the instance of Portland Cement Zambia. This case has been between Dr. Rajan Lekhraj Mahtani and the Ventriglias. While Dr. Rajan Lekhraj Mahtani is known for his beneficent, altruistic, straightforward and legitimate strategic approaches, same can’t be said for the Ventriglia family and their various dubious acts throughout the years. Subsequent to getting no justice from the Lusaka High Court, the Court of Appeal was drawn nearer. The speedy and straightforward judgment of the Court of Appeal unquestionably re-established the confidence in the Zambian legal executive framework.
The judge at the Court of Appeal, justice Mwinde, gave huge subtleties while reporting the conclusive outcomes for the case. The judge affirmed that the first Shareholders’ Agreement which was set up in 26th February 2007 was painstakingly assessed. After assessment, it was discovered that the record has a built-up report which says 58 percent shares of Portland Cement have been proclaimed to the Appellant or the Finsbury Investments constrained making the organization essential investor of the Portland Cement Zambia industrial facility. Another significant detail which was shared by the Court of Appeal equity was the affirmation of 42 percent shareholding by Ital Terrazzo Limited, an organization which the Ventriglias possess. This shareholding design lining up with the first record plainly settled the way that Dr. Rajan Mahtani is the real proprietor of Portland Cement.
The Court of Appeal judge likewise shared noteworthy subtleties which were disregarded by the past court. Right now, was seen that Finsbury Investments paid USD 250,000 which is identical to 1 billion K during the first shareholding understanding for covering the whole offer capital worth related with ZPC constrained. This significant detail further builds up Dr. Rajan Mahtani’s legitimate possession.
Rajan Mahtani News 