Yes, this refers to a popular story in Jain tradition about Kumarpal Raja and Acharya Hemchandra.

According to Jain history and legends, Kumarpal was a young prince who, due to various circumstances, was in hiding. Acharya Hemchandra, a revered Jain monk and scholar, recognized Kumarpal's potential and supported him. When the time was right, Acharya Hemchandra blessed Kumarpal and arranged for him to be crowned as king. In one famous episode, an elephant was adorned with a garland ("haar pehravi") and Kumarpal was seated on the elephant, signifying his royal status, and he was proclaimed king.

This story is often cited in Jain literature to highlight the wisdom and influence of Jain Acharyas, as well as the importance of right guidance and virtue. Acharya Hemchandra's role in guiding Kumarpal towards righteousness and nonviolence is especially emphasized in Jain teachings.