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Acclaimed Bollywood art director Nitin Chandrakant Desai, who was found hanging in a case of suspected suicide this morning, was reeling under a financial crises with accumulated debts of over Rs 250 crore and insolvency proceedings initiated ...
Art Director Nitin Desai, best known for his work in Lagaan and Jodha Akbar, has died. It is reported that he died by suicide but investigations are underway.
Nitin Chandrakant Desai's ND Studio had reportedly defaulted on a loan of ₹252 crore, the proceedings for which had begun last week. | Bollywood
Desai, through his company ND's Art World Pvt Ltd, had borrowed Rs 185 crore in the form of two loans from ECL Finance in 2016 and 2018. He ran into trouble with repayments from January 2020.
Desai was found dead at his studio in Maharashtra's Raigad district amid a Rs 252-crore loan default