SEBI passed an Ex-Parte Interim Order dated March 30, 2026 against Elitecon International Limited, its promoter, and connected persons for alleged regulatory violations.
SEBI confirmed receipt of ₹64 crore by Advik Capital in August 2024 from Elitecon via banking channels, corroborating the Company's prior loan claim.
Advik Capital's ₹64 crore transaction with Elitecon remains sub-judice before the Delhi High Court, with parallel NCLT insolvency proceedings also pending.