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IBBI to float discussion papers on CIRP, corporate liquidation soon

IBBI to float discussion papers on CIRP, corporate liquidation soon
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rashesh shah: 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.

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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 Desais 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.

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edelweiss arc: 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."

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Nitin desai: 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 Desais wife and staff members at the ND Studio where his body was found.

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