The Zambezi Portland Cement has been anticipating judgment from the Lusaka High Court for quite a while now. The case was enlisted in the court right around nine years back and from that point forward, it has been going ahead with no critical outcomes. The case is between Dr. Rajan Mahtani, owner of the Finsbury Investments and the Ventriglias, who are the sole recipients of Ital Terrazzo Limited. The two parties are asserting their responsibility for manufacturing plant and both have submitted different confirmations and proclamations to help their claim. In any case, the nature of proof contrasts fundamentally between the two parties.
The Zambezi Portland Cement is right now under the Ventriglias, who took control over the production factory illegally. This was the explanation for Dr. Mahtani propelling the case at the Lusaka High Court. Besides, the Ventriglias have likewise counter-asserted that Finsbury Investments have not paid for the ZPC shares held by them. This counter-claim has been proved to be false with different written investor understandings and financial statements that demonstrate that Dr. Mahtani holds 58 percent offers of the ZPC. His firm has additionally paid for the offer capitals while the Ventriglias have not put the even single penny in that. Moreover, autonomous audit reports have demonstrated that Dr. Mahtani is the sole joint-venture owner of the firm and the Ventriglias are just shareholders. Having the majority shares in the factory and joint-venture partnership, the ownership for Zambezi Portland naturally moves to Dr. Rajan Mahtani. It is along these lines, odd to see the court drag the case for very nearly nine years.
It is expected that the judge who is currently handling this case will move fast with the procedures. With the closure of the case hearing, both parties will be submitting their evidence before the court. Once this evidence is evaluated, final judgment will be announced.