Quasar India CIRP opens claims window until 14 November 2026

Quasar India Limited entered the Corporate Insolvency Resolution Process (CIRP) under a National Company Law Tribunal (NCLT) order dated 31 October 2026, opening a creditor claims window that ends on 14 November 2026. The Form A public announcement estimates that the process will close on 29 April 2027.

What did the NCLT order for Quasar India?

The NCLT, New Delhi Bench, Court-V ordered the commencement of Quasar India’s CIRP on 31 October 2026. The public announcement records 3 November 2026 as the date on which the order was uploaded to the NCLT website, distinguishing the tribunal order date from its online publication date.

Quasar India notified BSE Limited on 5 November 2026 that the CIRP had begun pursuant to the NCLT order. The filing followed the company’s earlier 4 November 2026 intimation about the process and enclosed copies of the public announcements inviting creditor claims.

The 5 November 2026 filing was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. It concerns publication of Form A under Sections 13 and 15 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 6 of the CIRP Regulations, 2016.

Quasar India is identified in the announcement by Corporate Identity Number L67190DL1979PLC009555 and as registered with the Registrar of Companies, Delhi. Its registered office is listed at H-30, Plot No. 6 and 7, Third Floor, Gulshan Park, Laxmi Nagar, New Delhi, Delhi 110092.

When must Quasar India creditors submit claims?

Quasar India creditors must submit claims with proof on or before 14 November 2026. The date appears in both the Form A timetable and the notice calling on creditors to file material with the interim resolution professional at the specified correspondence address.

The claim deadline falls 14 days after the 31 October 2026 CIRP commencement order and nine days after the 5 November 2026 public announcement. The filing says that the announcements were published on 5 November 2026 in Financial Express, New Delhi edition, and Jansatta, New Delhi edition.

The 5 November 2026 notice warns that false or misleading proofs of claim will attract penalties. It does not disclose the amount of debt, the value or number of expected claims, the names of creditors, or any amount admitted for the CIRP.

How should Quasar India creditors submit their claims?

Quasar India financial creditors must submit claims with proof by electronic means only before 14 November 2026. This is a mandatory channel for financial creditors under the Form A notice dated 5 November 2026.

All other Quasar India creditors may submit their claims with proof in person, by post or through electronic means. The filing therefore provides three permitted routes for non-financial creditors, while preserving an electronic-only requirement for financial creditors.

The project-specific email address for CIRP correspondence is cirp.quasarindia@gmail.com. The correspondence office is 402, Fourth Floor, A Wing, Pushp Vinod No. 2, S. V. Road, Borivali West, Mumbai 400092, rather than Quasar India’s New Delhi registered office.

The Form A directs creditors to use the contact details in entry 10 for correspondence with the interim resolution professional. The 5 November 2026 announcement does not include a claim form, a list of required documents, or separate deadlines for categories other than the common 14 November 2026 date.

Who is managing Quasar India’s CIRP?

Raghunath Sabanna Bhandari is acting as interim resolution professional for Quasar India’s CIRP. The Form A lists his Insolvency and Bankruptcy Board of India registration number as IBBI/IPA-002/IP-N01023/2020-2021/13276.

The 5 November 2026 filing separately gives Bhandari’s registered email address as raghunathsb@yahoo.com and a registered address in Mira Road, Thane, Maharashtra 401107. For the CIRP, the notice instead directs correspondence to the Borivali West, Mumbai office and the project-specific email address.

Quasar India stated that the interim resolution professional’s Authorisation for Assignment was valid until 31 December 2026. The public announcement is dated 5 November 2026 and records Mumbai as its place, while the CIRP order was issued by the NCLT’s New Delhi Bench.

The Form A marks creditor classes under clause 6A of Section 21 as not applicable. It also marks the identification of insolvency professionals to act as authorised representatives for any such creditor classes as not applicable, so no authorised representative is named in the 5 November 2026 notice.

What does Quasar India’s published timetable show?

Quasar India’s published timetable shows a claims stage ending on 14 November 2026 and an estimated CIRP closure on 29 April 2027. These are the two forward dates disclosed in Form A after the 31 October 2026 commencement order.

The 5 November 2026 public announcement followed Quasar India’s 4 November 2026 exchange intimation by one day. It also followed the 3 November 2026 upload of the NCLT order to the tribunal website by two days, showing the sequence from order availability to public invitation for claims.

The public announcement does not identify a resolution applicant, a committee of creditors, a resolution plan, an asset-sale programme or a recovery estimate. It is limited to the commencement notice, claim deadline, filing channels, interim resolution professional details and the 29 April 2027 estimated closure date.

The notice’s two publication channels differed by language: Financial Express was identified as the English publication and Jansatta as the Hindi publication, both in New Delhi. That publication step occurred on 5 November 2026, while the creditor submission deadline remains 14 November 2026.

Conclusion

Quasar India is in a formal CIRP following the NCLT’s 31 October 2026 order, with 14 November 2026 as the immediate disclosed deadline for supported creditor claims. Financial creditors have an electronic-only filing requirement, while other creditors may use in-person, postal or electronic submission through the interim resolution professional’s stated channels.

The next disclosed timetable marker is the estimated 29 April 2027 CIRP closure. Before that date, the source indicates that the claims process must first pass the 14 November 2026 deadline; the 5 November 2026 announcement leaves the amount of admitted claims, creditor composition and any resolution plan unresolved.