Nitin Desai defaulted on Rs 252 cr loan

Credit: IndiaTimes- Published on August 2, 2023
Noted art director Nitin Chandrakant Desai, known for his work on films such as Lagaan and Devdas, has died in a suspected suicide. His company, ND's Art World, had been struggling with repayments on two ECL Finance loans it had taken out in 2016 and 2018 worth a combined INR185 crore ($25m). The company had defaulted on its...

Video credit: Oneindia
Published on August 2, 2023 -  03:01
Nitin Desai, National award winner for best art direction, found dead at his studio | Oneindia News
Nitin Desai, a four-time National Award winner for Best Art Direction, was found dead at his ND Studio in Karjat. Please watch the video to know the details. #NitinDesai #RIP #NitinChandrakantDesai ~HT.99~ED.102~PR.154~

You are here

Related news from verified sources

Senior officials from Edelweiss, accused of abetting the suicide of renowned art director Nitin Desai, stated in court that Desai had begun delaying his loan...
on August 18, 2023 • Mid-Day

The art director Nitin Desai had defaulted on a Rs 252-crore loan to its financial creditor, and a bankruptcy court admitted an insolvency petition against his...
on August 2, 2023 • DNA

Stating that it followed all legal processes mandated by the RBI, the Asset Reconstruction Company also clarified that Nitin Desai, who had defaulted on a Rs 252...
on August 5, 2023 • Mid-Day

You might like