Jain said in some cases, the lack of compliance has been 'recurring', wherein banks have also ignored RBI's instructions to commit the same mistakes time and again.
ED claimed bank loans were illegally diverted towards payment of cane dues, loan repayments and other operational expenses by Simbhaoli Sugars.
The utilisation of funds, as claimed by the said Tayal group of companies were found to be fictitious.
Two investment companies, Elegant Investrade Pvt Ltd and Daisy Finvest, were used by the Kochhars to further their business interests.
Apart from referring potential NPA cases to the Insolvency and Bankturty Code, the banks are also selling off their non-core assets to improve their balance sheets.
The consortium of 13 banks are seeking to recover funds owed to them by Mallya who is fighting extradition to India to face trial for fraud and money laundering charges worth nearly Rs 9,000 crore.
In 2015, R P Infosystems, which manufactured computers with brand name 'Chirag', was booked by the CBI for allegedly cheating IDBI bank to the tune of Rs 180 crore.
The agency sleuths have scrutinised the seized documents and a questionnaire to be put up to the accused is being prepared.