Jalaibee's story revolves around two friends Billu and Bugga who get tangled up in a debt with the local mafia called The Unit. As they look for ways to pay the debt before The Unit comes to collect, they find out they are in deeper waters than they thought. At the same time another man Ali, along with his partner Jimmy, wants revenge and has the intentions to kidnap and kill the Mafia lord known as The King. The King's front man Dara is caught between collecting the debt and handling the kidnapping while retaining fear and control over the city.