The Bilkul bakwas hai ye meme originates from the Indian business reality TV series Shark Tank India. In episode 22 aired on 18 January 2022, Ashneer Grover who is the Co-Founder of BharatPe said this to Rahul Shankar Bhardwaj, Co-founder of Falhari. Also, there have been multiple instances of Ashneer saying something along the same lines in other episodes when he realises the startup to be unfit for investment. Ashneer who is known to speak his mind, without regard to diplomacy or the feelings of those spoken to also became a meme when he said Ye sab doglapan hai. The English translation of Bilkul bakwas hai ye, aap band kardo isey is this is complete rubbish, please shut this down. The popular use of the Bilkul bakwas hai ye meme is to mock someone’s act mostly in business.
Some of the other memes from the show are: Bhai Kya Kar Raha Hai Tu, Ye Sab Doglapan Hai, Haan Mai De Dunga Tu Tension Mat Le, Ye Meri Expertise Nahi Hai, and Hum Bhi Bana Lenge.