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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.

Speaking in the state legislative assembly, Fadnavis said legal aspects on how Nitin Desai's N D Studio at Karjat can be preserved will be examined

Renowned art director Nitin Desai allegedly committed suicide at his own ND Studio in Karjat on Wednesday morning

Actor-director Chandraprakash Dwivedi reminisces about working with late art director Nitin Chandrakant Desai.

Nitin Desai, a well-known art director, was found dead in his ND Studio in Karjat due to reportedly a financial crisis that led him to commit suicide.