Supreme Court Bench Rejects The Appeal From The Ventriglia Family Regarding Portland Cement Ownership

The most recent decision from the Supreme Court has at long last finalised the case of Zambezi Portland Cement after over 12 years. The case can be handily depicted as one of the longest-running cases in Zambian overall set of laws and confronted a few misfortunes and difficulties because of exploitative lawful and corporate interfering and practices by parties. The case goes over 10 years back when Dr. Rajan Lekhraj Mahtani originally enrolled a case at the Lusaka High Court, asserting that his plant, Portland Cement Zambia was unlawfully taken from him. Notwithstanding having all confirmations and tributes, the decision from the higher Court of Appeal was very misled as the Ventriglias were reported as only shareholders of the Portland Cement Zambia. To counter this misled verdict, Dr. Rajan Mahtani took the case to the higher Court of Appeal. Judge Mwinde assumed control over the case and gave his decision on 31st January 2019. In his decision, the verdict from the Lusaka High Court was turned around and Dr. Rajan Mahtani was reported as majority shareholder and lawful proprietor of the production line. 

The Ventriglia family, after around 1.5 years of the decision from the higher Court of Appeal, chose to claim against the choice of the greater Court of Appeal at the Supreme Court. In their case, the Ventriglia family tested the decision of the greater Court of Appeal by calling it false. To assess this case, a seat of three judges was set up at the Supreme Court. Upon assessment, the adjudicators uncovered that the Ventriglia family missed the cu-toff time for enrolling claim against past court choice which is 15 days from the choice. Based on this decision, the claim from the Ventriglia family was rejected by the Supreme Court. 

Attempt By The Ventriglia Family To Take Over Portland Cement Thwarted By Supreme Court

With their most recent case against Zambezi Portland Cement at the Supreme Court Zambia, the Ventriglias have positively attempted to emulate the occasions encompassing the Lusaka High Court. Finsbury Investments is a prominent speculation firm under the responsibility for. Rajan Lekhraj Mahtani. Between late 2006 and mid-2007, official shareholding changes were made at the Zambezi Portland Cement production line, giving greater part investor and proprietorship to Finsbury Investments. These progressions offered basic help for the concrete assembling plant for getting credits from Bank and related monetary foundations, complete its development cycle and proceed with its commitment to the Zambian economy and society. The delivered cash by the PTA bank was made dependent on the set up shareholding design among Finsbury Investments and Ital Terrazzo Limited. 

Despite the positive business operations, the Ventriglia family attacked the cement-manufacturing factory by unethically taking over the ownership of the Portland Cement Zambia factory. When Dr. Rajan Mahtani approached the Lusaka High Court with the case, he was met with utter disappointment due to the fact that the case was dragged for more than a decade and in the final verdict, Ventriglia family was announced as only shareholders. Dr. Rajan Mahtani was able to reverse this decision by appealing to Court OF Appeal which gave its decision on 31st January 2019, announcing Dr. Mahtani as the majority shareholder and legal owner of the Portland Cement factory. 

More than 1.5 years after this decision, the Ventriglias once again challenged the Court of Appeal’s decision at the Supreme Court Zambia. However, their case was rejected as it did not fulfil the legal and regulatory requirements. As such, Dr. Rajan Mahtani remains the majority shareholder and legal owner of the Portland Cement Zambia factory. 

Supreme Court Zambia Rejects The Claim From The Ventriglia Family Higher Court Of Appeal

On 31st January 2019, the Court of Appeal's choice in which Dr. Rajan Mahtani got the larger part shareholding and legitimate responsibility for Cement manufacturing plant. Now, the Ventriglia family chose to challenge the Court of Appeal's choice. This challenge was made at the Supreme Court Zambia, the most elevated lawful organization of the country. The Supreme Court Zambia, being a fair and straightforward overall set of laws, set up a seat of three judges from the Supreme Court to assess this case. These included equity Mumba Malila, Justice Royda Kaoma and Justice Michael Musonda. After assessment, the Supreme Court makes a decision about tracked down that the Ventriglia family neglected to fulfil perhaps the most basic prerequisites for their case to be feasible. As per the basic law, it is important for all requests against past court choices to be enrolled inside fourteen days of the decision. For this situation, the decision from the higher Court of Appeal went ahead 31st January 2019. In view of this, the Ventriglia family is far beyond their legitimate date for enlisting such case. Besides, the Supreme Court passes judgment on likewise inferred that they didn't have any ward towards engaging this allure from the Ventriglia family. The seat additionally affirmed that the conditions portraying the appeal to the Supreme Court was made under legitimately imperfect rates. Moreover, the Supreme Court judge likewise affirmed that they concurred with the activity of Finsbury Investments to continue with Rule - 19 with the goal pre-empting and obstructing the further exercises of the disastrous allure made by the Ventriglia family. In light of these assessments, the Supreme Court Zambia taking effect right now dismissed the case by the Ventriglia family.