Senior officials from Edelweiss, accused of abetting the suicide of renowned art director Nitin Desai, stated in court that Desai had begun delaying his loan repayment schedules from the end of 2018.

Senior counsel Amit Desai, representing Edelweiss Financial Services chairman Rashesh Shah, Edelweiss ARC MD and CEO Raj Kumar Bansal, and two other company officials, informed the Bombay High Court that Nitin Desai had taken a total loan of Rs 181 crore.