Noted Art Director Nitin Desai, Found Dead At Home, Defaulted On Rs. 252 Crore Loan
Noted art director Nitin Chandrakant Desai, who was found dead at his studio in Maharashtra's Raigad, had trouble paying back a Rs. 252-crore loan, and a bankruptcy court had admitted an insolvency petition against his company last week. Nitin Desai's company, ND's Art World Pvt Ltd, had reportedly borrowed Rs. 185 crore through two loans from ECL Finance in 2016 and 2018. His financial troubles began in January 2020.
