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Nitin Desai death case: Role of creditors to be probed in Nitin Desai death case, will inquire if he was under stress: Devendra Fadnavis

The role of a private lending firm that provided loans to renowned art director Nitin Desai is being probed following Desai s suicide. Maharashtra Deputy Chief Minister Devendra Fadnavis has said that the legal implications surrounding preserving or taking over N D Studio will be examined, and a thorough investigation will be conducted into the role of creditors and whether Desai was under pressure. ND s Art World borrowed Rs 185 crore through two loans from ECL Finance in 2016 and 2018, and defaulted on a INR252 crore loan according to an insolvency petition filed last week. ....

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