Nitin Desai

The death of a defaulter

There are a few lessons to be learnt from art director Nitin Desai's suicide

Art director Nitin Desai suicide: What we know so far about the court case

Petitioners Raj Bansal and Rashesh Shah had moved the High Court with a petition to quash the first information report (FIR) filed against them for abetting Desai's suicide

Will cooperate with authorities probing Desai death: Edelweiss ARC

Edelweiss Asset Reconstruction Company on Thursday promised full cooperation with authorities investigating the death of noted art director Nitin Desai. The financial services company, which had successfully initiated insolvency proceedings against Desai's company ND Art World just last week, said it is committed to the legal process. "We are committed to fully cooperating with all the relevant authorities. Our commitment to transparency, cooperation, and adherence to the legal process remains steadfast," it said in a statement. The company communication came hours after Deputy Chief Minister Devendra Fadnavis announced a probe into the role of the creditors after ruling BJP's lawmaker Ashish Shelar named EARC and the group's chairman Rashesh Shah. ND's Art World Pvt Ltd had borrowed Rs 185 crore through two loans from ECL Finance, an arm of the Edelweiss Group, in 2016 and 2018, and troubles with repayments started in January 2020. The outstanding dues went up to Rs 252 crore ...

'Lagaan' art director Nitin Desai found dead, firm defaulted on loan

Renowned art director Nitin Desai, the creator of lavish sets for films such as Jodhaa Akbar and "Lagaan" as well as the popular TV quiz show Kaun Banega Crorepati, was found hanging at his studio in Karjat near Mumbai on Wednesday. He was 57. Desai's company ND's Art World Pvt Ltd had defaulted on a Rs 252-crore loan to its financial creditor, according to an insolvency petition filed in a bankruptcy court last week. Desai's body was found hanging with a rope in the morning at N D Studios," Raigad Superintendent of Police Somnath Gharge told reporters, adding it seemed to be a case of suicide and the case was being investigated from all angles. Desai's body was taken to state-run J J Hospital in Central Mumbai, where a post-mortem examination will be conducted by a panel of five doctors, he said. Mobile phones and electronic devices found in the premises were seized and they will be examined, said the SP, adding statements of his attendants and caretakers at the sprawling facili

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Nitin Desai: India in a post-globalised world

India should plan its strategies on the assumption that the rightward swing will stay

Nitin Desai: Globalisation trumped

A President of the country that led the post-war world order rejected every principle it is based on

Nitin Desai: Towards a Swachh Chunav Mission

Public funding of political parties in elections requires a more credible law on spending and a much tougher monitoring process

Nitin Desai: India's tax reforms running aground

GST implementation will be compromised with the seven-rate structure, while the Direct Tax Code continues to be in cold storage