Nitin Desai Cause of Death: Mansi, the daughter of renowned art director Nitin Chandrakant Desai, stated in a statement that her father would make all of the pledged payments. She added that he did not intend to defraud anyone. Due to the coronavirus pandemic, she said in a statement obtained by ANI, there was no work and ND Studios was closed. In 2016 and 2018, the art director’s enterprise, ND’s Art World, borrowed approximately Rs 185 crore through two loans from ECL Finance.
According to a PTI report, difficulties with repayments began in January 2020, a month before the nationwide COVID-19 closure. “My father had no intention of defrauding anyone, and he intended to make all the pledged payments. The studio was closed because there was no employment due to the pandemic. As a result, he was unable to make his regular payments, according to Mansi’s statement to the media.
Nitin Desai Cause of Death
She went on to say that her father had borrowed Rs 181 crore from a company and had already repaid Rs 86.31 crore. She stated that all payments had been made by February 2020.
“The loan amount was Rs 181 billion, and we have already paid Rs 86.31 billion. We completed all payments in February 2020. In addition, they demanded a six-month interest rate, which my father paid by selling his Powai office. “He had no intention of defrauding anyone, and he intended to make all promised payments,” the statement continued.
Additionally, Mansi urged the media not to make defamatory statements about her late father and to discontinue spreading false information. “We would like to request that the media refrain from making defamatory statements about him and from disseminating false information. Please consult with us prior to disclosing any information, she emphasised.
The renowned art director was discovered deceased at his ND Studio in Khalapur Raigad, close to Karjat, on August 2. Allegedly, Desai committed suicide. According to Mahesh Baldi, a local BJP MLA from Karjat, the art director allegedly took this action due to financial duress. In the last five years, the four-time National Award-winning art director had significantly less work than in the preceding decades.
Desai was renowned for designing lavish settings for the films Hum Dil De Chuke Sanam, Jodha Akbar, Lagaan, and Devdas. Additionally, he worked on films such as 1942: A Love Story, Pyaar To Hona Hi Tha, Baadshah, Munnabhai M.B.A., and Once Upon a Time in Mumbai. Panipat and Prem Ratan Dhan Paayo were the last high-budget films for which Desai served as art director.