Preheat oven to 350F.
Cut each biscuit into four pieces. Place in a greased 9 x 13 baking dish.
In a large bowl, combine chicken, mushrooms and 1 cup peanut sauce. Spread over biscuits. Top with 1 cup cheese, red pepper, carrots, and green onions. Sprinkle with remaining cheese.
Bake until topping is set, cheese is melted and biscuits have cooked all the way through, about 45 minutes. Sprinkle with peanuts and serve with remaining peanut sauce.
