NITIN DESAI
Asian Games 2026: Jay Meena assures India's first-ever soft tennis medal
Jay Meena made history for India by advancing to the men's singles semi-finals in soft tennis. He won against Sherwin Nuguit from the Philippines in a closely contested quarter-final match. Manu Bhaker also progressed to the women's 10m air pistol final, showcasing strong performances in shooting. Additionally, several Indian rowers and canoeists qualified for their respective finals after impressive heats.
Premji Invest in talks to lead Rs 200-300 crore funding round in Let’s Try
The round, comprising both primary and secondary transactions, is expected to value the Delhi-NCR-based packaged snacks brand at Rs 1,000-1,200 crore, one of the persons said, adding that negotiations are still ongoing and the final valuation could change.
SC rejects bankruptcy order review plea by Nitin Desai's widow
The Supreme Court has dismissed a petition by Naina Desai, widow of art director Nitin Desai, seeking a review of the National Company Law Appellate Tribunal (NCLAT) order allowing bankruptcy proceedings against their company. This clears the way for recovery proceedings against ND's Art World Pvt Ltd, which owes Edelweiss Asset Reconstruction Co. close to Rs 300 crore.
Supreme Court dismisses appeal against ND Art's insolvency
The Supreme Court has dismissed a petition seeking a review of the National Company Law Appellate Tribunal's (NCLAT) order allowing bankruptcy proceedings against ND's Art World Pvt Ltd, a company owned by late art director Nitin Desai and his widow Naina Desai. The dismissal clears the way for recovery proceedings against the company, which owes Edelweiss Asset Reconstruction Co. around Rs 300 crore.
Nitin Desai had met BJP leaders in Delhi but didn't get help whereas Sunny Deol's bungalow was saved: Sanjay Raut
Shiv Sena (UBT) MP Sanjay Raut on Sunday claimed film art director Nitin Desai, who died by suicide, had met some BJP leaders in Delhi but didn't get help to save his studio whereas the proposed auction of BJP MP Sunny Deol's bungalow was stopped within 24 hours. "We don't have anything against Sunny Deol. He is a good human being and a good actor. He couldn't repay his dues to the Bank of Baroda due to which the bank issued the notice for auction (of his bungalow in Mumbai). But the auction (procedure) was stopped within 24 hours and he was saved," Raut told reporters.
Nitin Desai started delaying on loan repayment schedules from end of 2018: Edelweiss officials to HC
Senior Edelweiss officials, accused of abetting the suicide of renowned art director Nitin Desai on Friday submitted to the Bombay High Court that he had started delaying on his loan repayment schedules from the end of 2018. Senior counsel Amit Desai, appearing for Edelweiss Financial Services chairman Rashesh Shah, Edelweiss ARC MD and CEO Raj Kumar Bansal and two other company officials, said a total loan of Rs 181 crore was given to Nitin Desa
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Art director Nitin Desai's death: No interim relief to Edelweiss officials; HC to hear their pleas on Aug 18
The Bombay High Court stated that it would hear the pleas of Edelweiss officials against the FIR accusing them of abetting the suicide of film art director Nitin Desai on August 18. The court refused to provide any interim relief to the officials, who had requested protection from any coercive action and the quashing of the FIR.
Nitin Desai suicide case: Edelweiss group chairman, others move Bombay HC seeking quashing of FIR
Edelweiss group chairman Rashesh Shah and ECL Finance executives have approached the Bombay High Court to quash the FIR registered against them in relation to art director Nitin Desai's suicide case. The Raigad police had recorded statements of ECL Finance MD, Phanindranath Kakarla, in the case, and have summoned the accused again on Friday. The FIR was lodged after Desai's wife alleged that officials from ECL Finance harassed her husband to repay loans availed by him, leading to his death.
Nitin Desai death: 3 representatives of Edelweiss Group appear before Raigad police
The police on August 4 registered a criminal case against five persons, including Edelweiss Group chairman Rashesh Shah, for alleged abetment of Desai's suicide.
‘My father had no intention to cheat anyone’: Nitin Desai’s daughter Mansi clears the air about art director’s insolvency
In a career spanning 20 years, Desai was associated with many modern Bollywood classics such as ‘Lagaan’, ‘Jodhaa-Akbar’, ‘Hum Dil De Chuke Sanam’ ‘Devdas’ etc
Edelweiss denies wrongdoing in Nitin Desai suicide case, says recovery efforts creditors' right
Edelweiss denied allegations of wrongdoing in the case involving the suicide of Nitin Desai, an art director. The company stated that ECL Finance and Edelweiss Asset Reconstruction Company acted in full compliance with India’s Reserve Bank of India's regulatory framework for recovering non-performing asset accounts. Edelweiss elucidated the background of the NDAWPL, which defaulted on its loans after facing financial difficulties in 2019.
Nitin Desai suicide case: Art director cremated with police honours; Edelweiss willing to co-operate after wife files FIR
Bollywood art director Nitin Desai was cremated with police honours after his death by suicide. The last rites were attended by prominent politicians and film personalities. Desai left behind messages that named four people and one firm.
Nitin Desai Death By Suicide Case: Maharashtra police registers abetment to suicide case against 5 officials of ECL Finance
According to the police, a case of abetment to suicide under section 306 of the Indian Penal Code (IPC) was registered based on the complaint given by Desai’s widow, Neha. In her complaint Neha has alleged that Desai was "harassed by the officials to repay the loans availed by him". The police have also invoked section 34 ( common intention) of the IPC in the matter.
FIR registered against Edelweiss Group chairman, four others in Nitin Desai suicide case
Raigad police in Maharashtra on Friday registered an offence against five persons including Edelweiss Group chairman Rashesh Shah for alleged abetment of art director Nitin Desai's suicide. A First Information Report was registered under Indian Penal Code sections 306 (abetment of suicide) and 34 (common intention) at Khalapur police station based on a complaint filed by Desai's wife Neha Desai, an official said.
Will cooperate with authorities probing Desai death: Edelweiss ARC
Edelweiss Asset Reconstruction Company (EARC) has pledged full cooperation with investigations into the death of Nitin Desai, following the company's initiation of insolvency proceedings against his firm ND Art World. Desai's Art World Pvt Ltd borrowed Rs 185 crore via two loans from ECL Finance, an arm of the Edelweiss Group, in 2016 and 2018, and began facing difficulties repaying the debt in January 2020.
Nitin Desai's last rites in Karjat; Subodh Bhave, Sonali Kulkarni, Aamir Khan in attendance; Maha CM Eknath Shinde & Ajit Pawar also pay tribute
His mortal remains were kept at the studio called Diwan -E-Aam, where family and friends bid farewell for the last time.
Hours before death, Nitin Desai prayed at Karjat studio temple; police recover 11 voice notes, director named 4 individuals & 1 firm
Just before his death, the renowned art director paid his last respects to Lord Ganesha.
Last rites of art director Nitin Desai to be held today, friends & family gather at ND Studios in Karjat
Post darshan, Desai’s mortal remains will be carried to a helipad in the studio, where the last rites will be performed. The event will take place at 4:00 pm.
Nitin Desai Death: Raigad police to summon officials from Edelweiss ARC
The Maharashtra police will soon summon the officials from Edelweiss Asset Reconstruction Company Limited or Edelweiss ARC in connection with its probe into the death by suicide of renowed art director, Nitin Desai. On Thursday, the Raigad police recorded statements of 13 people including Desai’s wife and staff members at the ND Studio where his body was found.
Nitin Desai Death Case: Edelweiss ARC issues statement on insolvency proceedings against art director's company
Edelweiss ARC on Thursday issued a statement regarding insolvency proceedings against art director Nitin Desai's company, ND's Art World Private Limited. The investment and financial services company said, "We are deeply saddened by the demise of Shri Nitin Desai and express our deepest condolences to his family as they navigate through this difficult time."
Nitin Desai suicide case: Recorded message naming 4 people recovered, police probe on
Nitin Desai had reportedly felt financial pressure and taken a loan of over INR2.5bn; hearings relating to insolvency proceedings began last week. Desai's mobile phone, which contained an "audio suicide note" containing references to four people, has been submitted to forensics.
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.
After 'OMG 2', now 'Ghoomer' trailer delayed as mark of respect to Nitin Desai; Abhishek Bachchan reveals new date
The trailer launch of Abhishek Bachchan's upcoming Bollywood film 'Ghoomer' was postponed by a day, following the death of production designer Nitin Desai, who died by suicide.
Akshay Kumar pays tribute to 'production design stalwart' Nitin Desai, postpones trailer launch of 'OMG 2' by a day
Desai was found dead in his apartment at his studio in Raigad, Maharashtra. He was undergoing some financial problems and had defaulted on a Rs 252-crore loan to its financial creditor.
'Visionary artist, legendary designer.' Parineeti Chopra, Hema Malini remember 'soft-spoken & humble' Nitin Desai; Sanjay Dutt recalls monumental contribution to cinema
Desai has been associated with projects like Ashutosh Gowariker's 'Jodhaa Akbar' and 'Lagaan', Sanjay Leela Bhansali's 'Hum Dil De Chuke Sanam' and 'Devdas' and Rajkumar Hirani's 'Munnabhai MBBS'.
Renowned art director Nitin Desai, who designed 'Lagaan' & Devdas' sets, dies by suicide
The famous art director was found dead at his studio in Raigad in Maharashtra.
Nitin Desai was facing financial strain, defaulted on Rs 252 cr loan; insolvency proceedings initiated against art director's company last week
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.
Tragic passing of esteemed art director Nitin Desai sends shockwaves through the industry
The film industry is in shock at the untimely death of Nitin Desai, a highly regarded art director. His body was found in his studio, and it appears that he may have died by suicide. Before his death, he had posted on Instagram to celebrate the 29th anniversary of the film '1942: A Love Story', which he art directed. A local politician has suggested that financial issues may have contributed to Desai's death, and the authorities are investigating the circumstances. Desai's contributions to the film industry will be remembered fondly by colleagues, friends, and fans alike.
Next budget should take care of jobs, investment: Economists
With the new UPA Government expected to come out with the full Budget for 2009-10 within 45 days of its formation, economists want it to bring in measures to generate employment opportunities and to boost investment.
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