Final Order From Supreme Court Judges Rejects Ventriglias’ Appeal On Portland Cement

The Supreme Court of Zambia as of late tossed out a claim made by the Ventriglia family. In this claim, the Ventriglia family challenged the prior choice by the Court of Appeal in which the appointed authority finished that Finsbury Investments holds 58 percent shares of the Portland Cement Zambia industrial facility and Ital Terrazzo Limited held 42 percent shares alongside the sum settled for instalment to Ventriglias at K580,000. In their claim, the Ventriglia family bid that the instalment chose by the higher Court of Appeal was erroneous and right instalment to the Ventriglias added up to K580 million. 

It should be noted here that the instance of Portland Cement Zambia was first enrolled at the Lusaka High Court wherein justice Nkonde gave a questionable choice by reporting Ventriglias as just investors of the Portland Cement Zambia. Finsbury Investments in their appeal to the higher Court of Appeal after the underlying misled judgment by the Lusaka High Court set up a few grounds. After examinations, each of the seven grounds were acknowledged with confirmations and tributes and official choice was given in the favour of Finsbury Investments and its proprietor, Dr. Rajan Lekhraj Mahtani. 

After the claim made by the Ventriglias family to the Supreme Court of Zambia, a seat involving three judges was set up to approve just as acknowledge or reject the claim. After assessment, the Supreme Court makes a decision about pronounced that they had no ward in this issue and the allure was lawfully defective. On the off chance that Ventriglias needed to made an claim, they ought to include done it inside fourteen days of the judgment by the higher Court of Appeal. Thus, the claim from the Ventriglias was disposed of and the issue is shut.