Place biscuits on a cookie sheet and sprinkle with 2 tablespoons sugar. Bake at 425 degrees F for 10 minutes or until golden at edges.
Heat peaches seasoned with cinnamon and nutmeg over low heat in a small saucepan.
Beat cream and remaining 2 tablespoons sugar with hand mixer until soft peaks form.
Split warm biscuits and fill with spoonfuls of warm peaches. Top with sugared biscuit top and serve with lots of fresh whipped cream.