Punjab and Maharashtra Cooperative (PMC) Bank's former director Surjit Singh Arora, who was on the loan committee of the bank, had cleared majority loan proposals of real estate firm HDIL, the Economic Offences Wing (EOW) of Mumbai police revealed at the Killa court on Tuesday.

The EOW on Tuesday produced Arora, arrested on October 16, in court for further custody and was granted the same until October 24. The agency also told the court that about 100 major loan accounts, including that of Housing Development and Infrastructure Limited, have been declared non-performing assets (NPAs).