Advik Capital Gets NCLT Notice Order in IBC Case

14 Jan 2026 CW Team

Advik Capital Limited, an RBI-registered non-banking financial company, has recently informed that the Hon’ble National Company Law Tribunal, New Delhi Bench–VI, has passed an order dated 5 January 2026 in a petition filed by the company under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Elitecon International Limited.

As per the order, the Tribunal has directed issuance of notice to the respondent and prescribed timelines for completion of pleadings. Advik Capital has been instructed to take steps for service of notice on the respondent through all prescribed modes within one week and to file proof of service before the next date of hearing.

The respondent has been granted two weeks from the date of service of notice to file its reply. The matter has been listed for further hearing on 4 February 2026.

The order reflects the statutory process under the Insolvency and Bankruptcy Code for adjudication of claims arising from defaults in repayment obligations and provides a structured judicial framework for enforcement of financial claims by regulated lenders. The proceedings remain pending before the Tribunal and are subject to further orders and final adjudication.

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