Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 -Media Release: 'NCLT New Delhi Issues Directions in Insolvency Proceedings Initiated ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Advik Capital, an RBI-registered NBFC, has filed an insolvency petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Elitecon International Limited for recovery of loan dues. The NCLT New Delhi Bench-VI passed an order on January 5, 2026, directing issuance and service of notice to the respondent. Advik Capital must complete service within one week, the respondent has two weeks to file its reply, and the next hearing is scheduled for February 4, 2026. This filing follows an earlier disclosure regarding a December 10, 2025 ad-interim relief granted by the Delhi High Court in favor of the company. The proceedings remain pending and subject to further orders and final adjudication.
Positive development for Advik Capital as it moves its loan recovery against Elitecon closer to formal insolvency resolution. Shareholders may view this as a sign of active recovery efforts, though no immediate financial benefit is expected until the matter concludes.