New Delhi: The leading bankers are meeting in Mumbai on Monday to finalise the action on six of the 12 bad loan accounts for immediate referral to National Company Law Tribunal, NCLT, after the RBI named the largest defaulters to face bankruptcy proceedings. Last week, the RBI's internal advisory committee had sent the list of 12 accounts to bankers for immediate reference under the Insolvency and Bankruptcy Code.

Quoting a banker PTI said, the first set of six troubled accounts, worth more than Rupees 1.6 Lakh Crore, are Bhushan Steel responsible for 44,478 crore rupees Non-performing asset, NPA, of banks, Bhusan Power and Steel for 37,248 crore rupees, Essar Steel has a loan of 37,284 crore rupees which has not been returned yet, Alok Industries' 22,075 crore rupees debt, Amtek Auto loan of 14,074 crore and Monnet Ispat's 12,115 crore rupees debt have been declared as bad loan.

The agency reports that Lanco Infra having 44,365 crore rupees loan, Electrosteel Steels responsible for 10,274 crore rupees bad loan, Era Infra with 10,065 crore, JypaeeInfratech, 9,635 crore rupees, ABG Shipyard 6,953 crore rupees and Jyoti Structures with a defaulted loan of 5,165 crore are the other accounts named for bankruptcy action.