As indicated by the most recent reports from the Court of Appeal, the Portland Cement Zambia case is finished. An official conclusion has been given and is supportive of Dr. Rajan Mahtani, the litigant right now. The case was unique enlisted at the Lusaka High Court wherein Dr. Mahtani guaranteed that his production line, Portland Cement Zambia was unscrupulously taken over from him. Over 10 years passed however the Lusaka High Court neglected to give any choice looking into the issue, fundamentally because of the across the board defilement, powerlessness of the court to give fast judgment just as successive exchange of the adjudicators. Regardless of this long stretch, Dr. Mahtani didn’t get equity as the Lusaka High Court judge gave a dubious choice where Ventriglias were declared as dominant part investors notwithstanding missing noteworthy proof or verifications.
The case was next taken to the Court of Appeal where fast judgment was given. The procedures were very straightforward where all confirmations and subtleties were shared to the media and open, without harming or hurting the uprightness of the vested and put parties and the association being referred to. As indicated by these open confirmations, Dr. Rajan Mahtani paid a whole of USD 250,000 or 1 Billion Kwachas to the Zambezi Portland Cement that secured the whole offer capital estimation of Zambezi Portland Cement which Dr. Rajan Mahtani took over in the year 2005. Moreover, the first investors understanding related with this case was made in the year 2007 which further affirmed this financial trade for share among the two gatherings.
These subtleties and details obviously settled Dr. Mahtani as Portland Cement Zambia’s legitimate proprietor which is the final decision for the case and the factory.
Rajan Mahtani News 