31st January 2019 was an important day for Dr. Rajan Mahtani. On this day, he won the longest pending case in his business career spanning three decades. This case was related to Portland Cement Zambia, a cement manufacturing factory which was contested by two different parties in Zambia. One of them was Dr. Rajan Mahtani who initially registered the case at the Lusaka High Court. Due to judicial challenges, it took more than ten years for the court to arrive at any judgment. On top of that, the judgment was extremely controversial as Justice Nkonde on behalf of Lusaka High Court announced that Ventriglias were only shareholders of the Zambezi Portland Cement. To counter this misdirected judgment, Dr. Rajan Mahtani then approached the Court of Appeal.
The judge at the Court of Appeal was justice Mwinde who gave the ultimate judgment on the case on 31st January 2019. According to this decision, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder without any legal ownership over the factory. The judge from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders of the Zambezi Portland Cement as this decision was misdirected and without any evidence.
The judge from the Court of Appeal also discarded all forgery related allegations and provided a timeline of three months from the date of the judgment for completing all share sales and regulations related activities.