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Portland Cement Ownership Remains Same As Given By Court Of Appeal, Confirmed By SC



The Zambezi Portland Cement processing plant in Zambia may be the solitary assembling plant in Zambia who has been taken to practically all degrees of Courts in Zambia. It seems like destiny needed the concrete assembling industrial facility to arrive at the most significant level general set of laws of Zambia so its possession is conclusive and perpetual. Various gatherings have been unlawfully and deceptively attempting to take-over the Portland Cement Zambia manufacturing plant for quite a long time. Quite possibly the most critical of these main opponents have been the Ventriglia family. Dr. Rajan Mahtani claimed Finsbury Investments got majority shareholding and legitimate responsibility for Cement Zambia processing plant in the year 2007. Nonetheless, the Ventriglia family scrutinized the legitimateness of the instrument when Finsbury Investments began gaining inclines, assets and activities for the Portland Cement production line's development. When scrutinizing the shareholding instrument's legitimateness was sufficiently not, the Ventriglia family chose to unlawfully takeover the production line with the assistance of thugs. Therefore, Dr. Rajan Mahtani was left with no decision except for to move toward the Lusaka High Court with their objection. Notwithstanding, the Ventriglia family had the option to infiltrate even the equity framework and this brought about Lusaka High Court giving an outlandish judgment reporting Ventriglias as the lone investors of the Portland Cement Zambia.


After the higher Court of Appeal effectively turned around the choice from the Lusaka High Court and declared Dr. Rajan Mahtani as the legitimate proprietor of the production line, the Ventriglia family by and by tested this choice at the Supreme Court. Nonetheless, the seat at the Supreme Court discovered this claimed from the Ventriglia family to be invalid and dismissed it out and out.

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