Groupe Lactalis S.A. is in talks to buy Kwality Limited (BSE:531882) (Kwality Dairy) in a fire sale as the company's creditors have failed to reach a timely agreement on its debt resolution, forcing the National Company Law Tribunal (NCLT) to send it to liquidation, according to multiple people aware of the matter. Talks between Lactalis and Kwality Dairy's creditors have gathered steam over the past few weeks and could result in the former making a formal proposal for Kwality Dairy in the next 8-10 days, according to sources in the know. Lactalis had not responded to ET's queries until press time.