<p>Well-known art director Nitin Chandrakant Desai, who created sets of iconic Bollywood films like <em>Lagaan</em> and <em>Devdas,</em> was found dead at his studio in west Indian state Maharashtra's Raigad district. Desai's ND Studios was a shoot location for several Bollywood films. Media reports suggested that Desai died by suicide, although the police are yet to confirm the news.&nbsp;<br />
<br />
Desai had a prolific two decades-long career, having designed sets for some of the most iconic films of Bollywood. He won four National Film Awards for his work in films like <em>Dr Babasaheb Ambedkar, Hum Dil De Chuke Sanam, Lagaan</em> and <em><u>Devdas. </u></em>He was a frequent collaborator with directors like Sanjay Leela Bhansali and Ashutosh Gowarikar, whose films are known for elaborate sets.&nbsp;</p>

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<p dir="ltr" lang="en">Noted art director Nitin Desai found dead at his studio in Maharashtra's Raigad district: Official</p>
— Press Trust of India (@PTI_News) <a href="https://twitter.com/PTI_News/status/1686602445936566272?ref_src=twsrc%5Etfw">August 2, 2023</a></blockquote>
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<p>Desai turned film producer in 2003, with a devotional film,<em> Desh Devi Maa Ashapura.&nbsp;</em><br />
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His pet project ND Studios was situated in the outskirts of Mumbai at Karjat and was inaugurated in 2005.&nbsp;</p>

<p>As the news of his demise came to light, many&nbsp;took to Twitter, now rebranded X, to mourn his sudden death.&nbsp;</p>

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<p dir="ltr" lang="en">Cannot accept the heartbreaking news . Our beloved <a href="https://twitter.com/hashtag/nitindesai?src=hash&amp;ref_src=twsrc%5Etfw">#nitindesai</a> has left for his heavenly abode 🙏🏻🙏🏻. He was simply a genius. A visionary artist with grace,style who understood not just his craft but people. He was a positive soul who spread only love to all . My God give his… <a href="https://t.co/qUBaQ0lnUL">pic.twitter.com/qUBaQ0lnUL</a></p>
— Neil Nitin Mukesh (@NeilNMukesh) <a href="https://twitter.com/NeilNMukesh/status/1686607594264363008?ref_src=twsrc%5Etfw">August 2, 2023</a></blockquote>
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<p dir="ltr" lang="en">I can't believe this news. Nitin Desai was the best at what he did. We worked on a few films together. Always smiling, always making life easier on set. This news is devastating.<br />
Rest In Peace my friend. You will always be missed. <a href="https://t.co/Nc1V45BZyu">https://t.co/Nc1V45BZyu</a></p>
— Sanjay Gupta (@_SanjayGupta) <a href="https://twitter.com/_SanjayGupta/status/1686605684442632192?ref_src=twsrc%5Etfw">August 2, 2023</a></blockquote>
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<p dir="ltr" lang="en">This is really sad &amp; tragic. <a href="https://t.co/vS2qbbDbG8">https://t.co/vS2qbbDbG8</a></p>
— kunal kohli (@kunalkohli) <a href="https://twitter.com/kunalkohli/status/1686606801222217728?ref_src=twsrc%5Etfw">August 2, 2023</a></blockquote>
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<p>More details about his demise are awaited.&nbsp;</p>

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Well-known art director Nitin Chandrakant Desai, who created sets of iconic Bollywood films like Lagaan and Devdas, was found dead at his studio in west Indian state Maharashtra's Raigad district.

Well-known art director Nitin Chandrakant Desai, who created sets of iconic Bollywood films like Lagaan and Devdas, was found dead at his studio in west Indian state Maharashtra's Raigad district. Desai's ND Studios was a shoot location for several Bollywood films. Media reports suggested that Desai died by suicide, although the police are yet to confirm the news. Desai had a prolific two decades-long career, having designed sets for some of the most iconic films of Bollywood. He won four National Film Awards for his work in films like Dr Babasaheb Ambedkar, Hum Dil De Chuke Sanam, Lagaan and Devdas. He was a frequent collaborator with directors like Sanjay Leela Bhansali and Ashutosh Gowarikar, whose films are known for elaborate sets. Noted art director Nitin Desai found dead at his studio in Maharashtra's Raigad district: Official — Press Trust of India (@PTI_News) August 2, 2023 × Desai turned film producer in 2003, with a devotional film, Desh Devi Maa Ashapura. His pet project ND Studios was situated in the outskirts of Mumbai at Karjat and was inaugurated in 2005. As the news of his demise came to light, many took to Twitter, now rebranded X, to mourn his sudden death. Cannot accept the heartbreaking news . Our beloved #nitindesai has left for his heavenly abode 🙏🏻🙏🏻. He was simply a genius. A visionary artist with grace,style who understood not just his craft but people. He was a positive soul who spread only love to all . My God give his… pic.twitter.com/qUBaQ0lnUL — Neil Nitin Mukesh (@NeilNMukesh) August 2, 2023 × I can't believe this news. Nitin Desai was the best at what he did. We worked on a few films together. Always smiling, always making life easier on set. This news is devastating. Rest In Peace my friend. You will always be missed. https://t.co/Nc1V45BZyu — Sanjay Gupta (@_SanjayGupta) August 2, 2023 × This is really sad & tragic. https://t.co/vS2qbbDbG8 — kunal kohli (@kunalkohli) August 2, 2023 × More details about his demise are awaited. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Award-winning Indian art director Nitin Desai found dead; suicide suspected

<p>Celebrated art director Nitin Chandrakant Desai had reportedly defaulted on an INR 2.5 billion loan. Desai was found dead on Wednesday at his studio in Maharashtra's Raigad district. The award-winning art director had worked in iconic films <em>Lagaan</em> and <em>Devdas</em> during his career spanning over two decades.&nbsp;<br />
<br />
According to reports, Desai had defaulted on an INR 2.5 billion loan and a bankruptcy court had admitted an insolvency petition against his company last week.<br />
<br />
Desai's company, ND's Art World Pvt Ltd, had borrowed over INR 1.8 billion through two loans from ECL Finance in 2016 and 201. Desai was unable to pay part of the amount from January 2020.</p>

<p>BJP general secretary Vinod Tawde, who was a close friend of Nitin Desai, spoke to Hindustan Times and said, "I used to often speak and counsel him. I had told him on how Amitabh Bachchan had faced immense losses and come back in life again. We had told him that even if the studio was attached due to loans, he could start afresh. It's very sad to hear about his death. I spoke to him the day before."<br />
<br />
His company ND's Art World is engaged in the business of organising, maintaining, and operating replicas of historical monuments and providing facilities and services related to hotels, theme restaurants, shopping malls and recreation centres.</p>

<p>On July 25, the Mumbai bench of the National Company Law Tribunal had admitted a petition filed by Edelweiss Asset Reconstruction Company to initiate a corporate insolvency resolution process.</p>

<p>Typically, the insolvency professional is entrusted with ensuring that all the creditors get their dues as per the amounts realised by selling the securities and also has to take care of day-to-day business operations.</p>

<p>The order had said that on March 31, 2021 the account was classified as a non-performing asset (NPA) by the creditors. The the total default amount was ₹252.48 crore (approx 2.5 billion INR) as on June 30, 2022.</p>

<p>In its reply to the court, Desai's company had said that there was a fire incident at the studio on May 7, 2021 which resulted in loss of property and blamed the creditors for sending a recovery notice on the same day.</p>

<p>Desai was found dead at his ND Studio on Wednesday and while there hasn't been any official confirmation, it is being suspected as a case of suicide.&nbsp;</p>

<p><em>(With agency inputs)</em><br />
<br />
&nbsp;</p>

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Celebrated art director Nitin Chandrakant Desai had reportedly defaulted on an INR 2.5 billion loan. Desai was found dead on Wednesday at his studio in Maharashtra's Raigad district.

Celebrated art director Nitin Chandrakant Desai had reportedly defaulted on an INR 2.5 billion loan. Desai was found dead on Wednesday at his studio in Maharashtra's Raigad district. The award-winning art director had worked in iconic films Lagaan and Devdas during his career spanning over two decades. According to reports, Desai had defaulted on an INR 2.5 billion loan and a bankruptcy court had admitted an insolvency petition against his company last week. Desai's company, ND's Art World Pvt Ltd, had borrowed over INR 1.8 billion through two loans from ECL Finance in 2016 and 201. Desai was unable to pay part of the amount from January 2020. BJP general secretary Vinod Tawde, who was a close friend of Nitin Desai, spoke to Hindustan Times and said, "I used to often speak and counsel him. I had told him on how Amitabh Bachchan had faced immense losses and come back in life again. We had told him that even if the studio was attached due to loans, he could start afresh. It's very sad to hear about his death. I spoke to him the day before." His company ND's Art World is engaged in the business of organising, maintaining, and operating replicas of historical monuments and providing facilities and services related to hotels, theme restaurants, shopping malls and recreation centres. On July 25, the Mumbai bench of the National Company Law Tribunal had admitted a petition filed by Edelweiss Asset Reconstruction Company to initiate a corporate insolvency resolution process. Typically, the insolvency professional is entrusted with ensuring that all the creditors get their dues as per the amounts realised by selling the securities and also has to take care of day-to-day business operations. The order had said that on March 31, 2021 the account was classified as a non-performing asset (NPA) by the creditors. The the total default amount was ₹252.48 crore (approx 2.5 billion INR) as on June 30, 2022. In its reply to the court, Desai's company had said that there was a fire incident at the studio on May 7, 2021 which resulted in loss of property and blamed the creditors for sending a recovery notice on the same day. Desai was found dead at his ND Studio on Wednesday and while there hasn't been any official confirmation, it is being suspected as a case of suicide. (With agency inputs) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Ace art director Nitin Chandrakant Desai had defaulted over $30 million loan: Reports

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Award-winning Indian art director Nitin Desai found dead; suicide suspected

Ace art director Nitin Chandrakant Desai had defaulted over $30 million loan: Reports