The case of Zambezi Portland Cement can be easily described as one of the most peculiar yet eye-opening corporate cases in Zambia. This case certainly brings mixed memories for Dr. Rajan Mahtani who fought for the legal ownership of the factory for more than a decade. The case was approached to two different courts, Lusaka High Court and then higher Court of Appeal.
While Lusaka High Court neglected to give justice to Dr. Rajan Mahtani, it was higher Court of Appeal which came to Dr. Mahtani’s salvage and helped him spare the Zambezi Portland Cement processing plant. From the present state of the processing plant, it tends to be unmistakably said that the individuals who unscrupulously assumed control over the Portland Cement Zambia industrial facility had no goals of guaranteeing the prosperity of the plant. The processing plant was untrustworthy taken over from Dr. Rajan Mahtani over 10 years prior and since that day, the general state of the manufacturing plant has gone downhill. Prior to this unscrupulous takeover, the plant was considered among perhaps the greatest maker of Portland concrete in Zambia. Aside from creating excellent Portland concrete in overabundance, the industrial facility was additionally famous for its wages and deals which were higher than industry normal and pulled in ability from everywhere throughout the network. The concrete assembling processing plant turned into the business hotspot for various people who discovered chance to develop and create alongside the plant.
The final verdict for the Zambezi Portland Cement was given on 31st January 2019. This judgement clarified that Dr. Mahtani had given one billion kwachas to Zambezi Portland Cement for covering the 58 percent share capital of the cement factory. This transaction is a clear indication that Dr. Rajan Mahtani has officially paid for the shares he owns at the factory and thus becomes the legal owner of the factory.