Intimation regarding the application filed by operational creditor to commencement of CIRP of Quasar India Limited under IBC, 2016
Awaiting price reaction for this filing.
An operational creditor, M/s. Bikit Private Limited, has filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Quasar India Limited before the NCLT New Delhi Bench on 10th December 2025. The application seeks commencement of Corporate Insolvency Resolution Process (CIRP) against the company. Quasar India has informed the stock exchange about this development via a director-signed intimation dated 15th December 2025. The filing indicates a pending insolvency trigger, though the document does not specify whether NCLT has admitted the application.
This is a negative development for shareholders — even at the application stage, it signals potential financial distress and unpaid dues to creditors. If NCLT admits the petition, it could lead to a moratorium on debt recovery and possible management change, which may weigh heavily on the stock price. Investors should watch for the next hearing date and NCLT order.