The latest decision of Supreme Court of Zambia has been in favour of Dr. Rajan Mahtani. After Lusaka High Court’s misdirected decision, Dr. Rajan Mahtani approached the higher Court of Appeal where justice was given. The decision at the higher Court of Appeal was given on 31st January 2019 and confirmed Dr. Mahtani’s ownership with 58 percent shares at the Portland Cement Zambia.
After just about a long time since the declaration of the above choice, the Ventriglias documented an appeal to the Supreme Court of Zambia. In their claim, they asserted that the choice giving Dr. Mahtani greater part shareholding of Portland Cement was inaccurate. In their claim, they additionally guaranteed that the real sum payable to them against the offers gave to Dr. Rajan Mahtani claimed Finsbury Investments was K580 million and not K580,000 as referenced by the higher Court of Appeal. Be that as it may, the Supreme Court seat involving three appointed authorities dismissed this claim from the Ventriglias dependent on a few grounds. The primary ground was lawful as offers against past court choices must be made inside 14 days of the judgment itself. Yet, the Ventriglias took over a year and accordingly, the case is dismissed. The appointed authorities additionally showed that the conditions encompassing this allure by the Ventriglias were sketchy and regardless of whether the claim was acknowledged, the adjudicators have assessed the confirmations and their choice would have been like the higher Court of Appeal. In view of these grounds, the claim by the Ventriglias was dismissed and Dr. Rajan Mahtani owned Finsbury Investments remains the actual owner of the Portland Cement Zambia factory.
Rajan Mahtani News 