Dr. Mahtani Retains Legal Ownership Of Portland Cement After Sc Rejects Claim From Ventriglias

The destiny of Portland Cement Zambia was at last fixed by the Supreme Court Zambia as of late. While the Ventriglias fully planned to upset the smooth activities of the Portland Cement Zambia processing plant, the claim had unintended ramifications for the Ventriglia family and brought about the positive choice for Dr. Rajan Lekhraj Mahtani. The Ventriglia family enrolled a claim at the Supreme Court Zambia. This claim was settled on testing the choice of the higher Court of Appeal on the Portland Cement Zambia case. On 31st January 2019 and after over a time of case procedures at the past Lusaka High Court, justice Mwinde for the benefit of the higher Court of Appeal declared that Dr. Rajan Mahtani claimed Finsbury Investments holds 58 percent shares at the industrial facility and is the larger part investor just as lawful proprietor of the production line. In this choice, it was likewise affirmed that the Ventriglias just had 48 percent shares at the concrete manufacturing plant and subsequently were minority investors with no lawful proprietorship. During this judgment, equity Mwinde additionally affirmed the sum payable against the larger part shares claimed was K580,000.

After more than 1.5 years of this decision from the higher Court of Appeal, the Ventriglias made a bizarre claim at the Supreme Court Zambia in which the decision from the higher Court of Appeal was challenged. To evaluate their claim, the Supreme Court Zambia established a bench of three judges. After evaluation, it was found that the Ventriglias were required to make their appeal within 14 days after the announcement by the higher Court of Appeal. However, the Ventriglias late claim automatically discards it from the Supreme Court. Furthermore, the Supreme Court judges also declared that the evidences surrounding the Portland Cement case as shared by the Ventriglias were controversial and did not warrant any credibility. Based on these evaluations, the claim by the Ventriglias was effectively rejected by the Supreme Court Zambia.