Jaypee Infratech Limited is a leading Real Estate Developer in India is suffering from debt. Jaypee Infratech Limited is planning to file bankruptcy in coming week to the National Company Law Tribunal as per saurces. As per last new Lenders to Jaypee Infratech, a subsidiary of Jaiprakash Associates, have already decided to admit the company to the National Company Law Tribunal to invoke the insolvency and bankruptcy code. After Ultratech and Jaypee's Cement Deal this was the largest asset resolution in the country so far and I hope that this landmark transaction will pave the way for more such resolutions. It is also heartening to note that this is the largest transaction in India’s cement industry, thus far, Kochhar said. Insolvency proceeding against Jaypee Infratech, one of the 12 loan defaulting banks identified by the Reserve Bank of India (RBI) has been planned by IDBI. The proceeding comes on the heels of the RBI directing certain banks to take action against defaulting borrowers. According to the Economic Times, IDBI has initiated the proceeding under the Insolvency and Bankruptcy Code. “Jaypee Infratech Limited (JIL), that Reserve Bank of India directed IDBI Bank Limited, the lead bank of JIL to initiate Corporate Insolvency Resolution Process (CIRP) for JIL under the Insolvency and Bankruptcy Code, 2016,” the company said. Jaypee Infratech is among the 12 firms identified by the central bank with a combined debt of over thousands crore, for proceedings under the newly enacted Insolvency and Bankruptcy Code, 2016. Other accounts identified by RBI include Essar Steel, Bhushan Steel, Electrosteel Steel, Alok Industries, Jyoti Structures, Monnet Ispat and Lanko Infratech. According to RBI, 12 bad loan accounts owe Rs 2.5 trillion to the system, which constitute around 25 per cent of gross bad loans. Jaypee Infratech Limited is a real estate company having more than 20 under construction projects in Noida or Greater Noida belt. More than 20000 endusers or investors put theitr investments in these projects launched by Jaypee infratech limited.