NCLAT Restores Insolvency Appeal Against Dilip Buildcon

National Company Law Appellate Tribunal (NCLAT) has restored an insolvency appeal filed against Dilip Buildcon Limited, providing relief to the appellant company. The appeal was originally dismissed due to non-prosecution, but the tribunal later accepted a plea for restoration along with an application seeking condonation of delay. 

The case highlights the tribunal’s approach in considering reasonable causes for procedural delays.

Background of the Case

The appeal was filed by Shyamji Construction Co against Dilip Buildcon over claims related to operational debt. However, the NCLAT had earlier dismissed the appeal on December 12, 2025, citing non-prosecution. This meant the case was closed because the appellant did not pursue it actively during the proceedings.

Following this dismissal, Shyamji Construction filed an application seeking restoration of the appeal. The company also requested condonation of delay in refiling the appeal, explaining that the delay occurred due to medical issues faced by the appellant.

NCLAT’s Decision on Restoration

A two-member bench of the NCLAT, headed by Chairperson Justice Ashok Bhushan, reviewed the application and heard arguments from both parties. After considering the submissions, the tribunal found sufficient cause to recall its earlier order dismissing the appeal.

The bench stated that the appeal would be restored to its original number, allowing the case to proceed again. Additionally, the tribunal accepted the explanation for the delay and condoned the 43-day refiling delay caused by medical issues.

Earlier Proceedings at NCLT

The dispute initially began when Shyamji Construction approached the National Company Law Tribunal (NCLT), claiming operational dues from Dilip Buildcon. However, the petition was reportedly dismissed due to the existence of pre-existing disputes between the parties, which prevented the initiation of insolvency proceedings.

Dilip Buildcon Share Price Today

On March 17, 2026, Dilip Buildcon share price opened at ₹431.95, touching the day’s high at ₹434.40, as of 12:00 PM on the NSE.

Also Read: Dilip Buildcon Secures LOI Worth ₹1,850 Crore for 400kV Substation Project in Karnataka!

Conclusion

With the NCLAT restoring the appeal, the case will now move forward for further hearing. The tribunal’s decision ensures that the appellant receives an opportunity to present its case despite earlier procedural setbacks.

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