Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Media Release: Delhi High Court grants Interim Asset Protection to Advik Capital, ....
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Advik Capital, an RBI-registered NBFC, has secured an interim order from the Delhi High Court on December 10, 2025, in its favour against Elitecon International Limited. The case relates to recovery of a loan of ₹64 crore disbursed through formal banking channels, with a recall notice raised for ₹71.15 crore including accrued interest. The court recorded that a prima facie case exists in Advik Capital's favour and that the balance of convenience lies with it, relying on a forensic report and references to regulatory proceedings against Elitecon. Elitecon and its management have been restrained from creating any third-party rights in their movable and immovable assets, except in ordinary course of business, pending further orders. The matter is still pending final adjudication before the court.
Positive for shareholders — the interim order strengthens Advik Capital's position in recovering ₹71.15 crore and prevents the borrower from disposing of assets, though final recovery remains subject to court outcome.