Advik Capital Limited announced on January 20, 2026, that it has temporarily taken its official website offline following the detection of a technical anomaly involving unauthorized content. The BSE-listed Non-Banking Financial Company (NBFC) took this proactive step to ensure user safety and maintain system integrity.

Technical Security Response

The company has initiated a comprehensive response to address the security concern. The following measures have been implemented:

Company's Proactive Approach

Advik Capital has demonstrated a responsible approach to digital security by immediately addressing the technical anomaly. The company has engaged relevant experts to identify and rectify the issue while implementing measures to prevent similar incidents in the future. The website will remain offline until complete resolution and verification processes are completed.

About Advik Capital Limited

Advik Capital Limited is headquartered in New Delhi and operates as an emerging Non-Banking Financial Company. The company primarily focuses on providing loans and ancillary financial services and is registered with the Reserve Bank of India as a non-deposit-taking NBFC under Registration No. B-14.00724.

Business Focus and Growth Strategy

The company is committed to expanding its operations and strategically tapping into opportunities available in India's growing economy. Advik Capital aims to address the diverse needs of various industries by leveraging its expertise and innovative approach. The company also explores new avenues in investment markets, including potential offshore ventures, to better serve clients and drive sustainable growth.

Communication and Updates

Advik Capital has assured stakeholders that updates, if required, will be communicated through official channels. The company prioritizes responsible digital practices and stakeholder confidence, appreciating the cooperation and understanding of all concerned parties during this period. The temporary website shutdown reflects the company's commitment to maintaining secure and reliable digital infrastructure for its users.

Advik Capital Limited has escalated its ₹71.15 crore recovery case against Elitecon International Limited by initiating insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal (NCLT), New Delhi Bench-VI, passed an order dated January 5, 2026, in the petition filed under Section 7 of the IBC, marking a significant development in the ongoing legal dispute.

NCLT Proceedings and Directions

The NCLT has issued comprehensive directions for the insolvency proceedings, establishing a structured timeline for legal submissions and responses:

The tribunal has directed Advik Capital to serve notice on Elitecon International through all prescribed modes and file proof of service before the next hearing date. The respondent company has been granted two weeks to file its reply from the date of notice service.

Background of Financial Dispute

The insolvency proceedings stem from the original loan recovery case where Advik Capital alleged a loan agreement dated August 12, 2024. The financial parameters of the disputed transaction include:

The Delhi High Court had earlier passed an interim order on December 10, 2025, restraining Elitecon International from creating third-party rights in assets except in ordinary business course, with proceedings scheduled for February 11, 2026.

Elitecon's Continued Denial and Defense

Elitecon International maintains its categorical denial of the loan allegations, describing the claims as "false, baseless and unsupported by genuine records." The company continues to assert that documents relied upon by Advik Capital appear fabricated and unauthorized, while committing to contest the allegations through appropriate legal channels.

Company Profile and Market Position

Advik Capital Limited operates as an RBI-registered Non-Banking Financial Company (NBFC) headquartered in New Delhi. The company focuses on providing loans and ancillary financial services, with Registration No. B-14.00724 from the Reserve Bank of India. As a BSE-listed entity with scrip code 539773, Advik Capital aims to expand operations and explore investment opportunities in the growing economy.

Current Status and Legal Framework

The NCLT proceedings represent the statutory process under the Insolvency and Bankruptcy Code for adjudication of claims arising from default in repayment obligations. This provides a structured judicial framework for enforcement of financial claims by regulated lenders. The matter remains pending before the NCLT New Delhi, subject to further orders and final adjudication, with parallel proceedings continuing in the Delhi High Court.