, Aug 2 (IANS) Police have initiated an investigation into the circumstances leading to the death of renowned art director Nitin Chandrakant Desai, who was found hanging in his Karjat studios in Maharashtra Raigad in a case of suspected suicide .
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.