Key highlights
- The NCLT admitted CIRP against Quasar India on October 31, 2026, in CP (IB) No. 697/ND/2025.
- Bikit’s admitted claim totals Rs 6.1452745 crore, including Rs 5.395 crore of principal.
- The advance was linked to a Rs 15 crore agricultural and allied goods purchase order dated June 25, 2024.
- Raghunath Bhandari was appointed IRP, and the Section 14 moratorium began on October 31, 2026.
powered by IRIS
Quasar India Limited entered the Corporate Insolvency Resolution Process on October 31, 2026, after the NCLT admitted a Rs 6.1452745 crore claim by Bikit Private Limited, including Rs 5.395 crore advanced for agricultural goods that were neither delivered nor refunded.
Know Quasar India inside out
Results, valuation, peers and who’s…