Famous art director Nitin Desai’s death linked to loan related problems

Though the domain investor did not watch many movies she reads newspapers regularly. The news that famous art director Nitin Desai was found dead in karjat was shocking. One of the major problems indicated was that he had huge debt, he had invested a large amount in constructing the nd studios in karjat and found that he was not getting sufficient orders
This indicates a major problem for those who reside in mumbai and surrounding areas, at present and are older, they do not get any orders. Desai had allegedly taken loans of Rs 180 crores from Edelweiss and due to the lockdown, the money was not repaid on time due to which the total amount due increased to Rs 252 crores.
He had allegedly gone to delhi, trying to get a deal for loan repayment and he allegedly failed.


| August 29th, 2023 | Posted in business, Financial |

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