In certain circumstances, it may happen that an individual may obtain certain advantages to which the other individual is legally empowered. In commercial dealings, it may happen that obligations may arise upon the parties against one another because of law and without any contract entered between them. Such relationships are termed as Quasi Contract which includes claims for Quantum Meruit. Being a principle of commercial law, Quantum Meruit is often being used in daily commercial transactions by the parties without their knowledge. Quantum Meruit ensures justice in commercial law with or without the existence of any formal legally enforceable commercial contract, regulating the relations between the parties. The present article analyzes the nature, legal provisions and case laws dealing with the implementation of the Quantum Meruit postulate in Indian Commercial Law primarily dealing with contract law.