The Khalapur police registered the FIR under IPC sections 306 (abetting suicide) and 34 (common intention) based on a complaint filed by Desai’s wife Neha Desai, PTI quoted an official as saying.

In the complaint, Neha Desai alleged that Nitin was facing repeated mental harassment in connection with the loans his company had taken and he committed suicide because of it.

Earlier on Wednesday, Desai, who had worked for acclaimed Bollywood films such as ‘Lagaan’ and ‘Jodhaa Akbar’, allegedly hanged himself at his studio at Karjat in Raigad district.

As per details, his firm — ND’s Art World Pvt Ltd –defaulted on a ₹252 crore loan repayment to creditors and the Mumbai bench of the National Company Law Tribunal had initiated insolvency proceedings against it.

Also, Desai’s firm borrowed ₹185 crore through two loans from ECL Finance in 2016 and 2018, and troubles with repayments started from January 2020. ECL Finance is a non-banking finance arm of the Edelweiss Group.

With agency inputs.

This is a developing story, it will be updated soon.

Updated: 04 Aug 2023, 06:13 PM IST