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Rainbow Denim Ltd
Free Press Journal Marg, Nariman Point
Phone: +91 1762248810p:+91 1762248810 MOHALI, 140506  India Ticker: 532441532441
Filed for Bankruptcy on 4/12/2022
On 11/21/2019, Rainbow Denim Ltd announced the initiation of a Corporate Insolvency Resolution Process (CIRP) in the National Company Law Tribunal Chandigarh Bench, pursuant to the Insolvency and Bankruptcy Code 2016. Dharmendra Kumar Bhasin was appointed as the Resolution Professional.
On 4/12/2022, the National Company Law Tribunal, Chandigarh Bench, ordered the Liquidation of Rainbow Denim Ltd pursuant to Section 33(2) of the Insolvency and Bankruptcy Code, 2016. Dharmendra Kumar Bhasin was appointed as the Liquidator of the Company.
Business Summary
Rainbow Denim Limited is an India-based denim manufacturing company. The Company's product range includes basic denim, crosshatch denim, slubby denim, structured denim, silky denim, and wrap denim. Its shades include normal indigo blue, super dark indigo blue, sulfur bottom indigo top shades, indigo bottom sulfur top shades, sulfur shades, sandwich shades, with combinations of indigo and sulfur layers of dyeing, various combination shades, and tinting and over dyeing in different colors-yellow, brown. It has the capacity to produce 20 million meters of denim per year.
(Source: 10-K405)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/20223/31/2021Yes----

Industries
SIC Code Description
2211 Broadwoven fabric mills, cotton

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board Haresh D.Ramsinghani 6/1/2017
Chief Financial Officer, Whole Time Director Satinderjit S.Arora 56 11/5/2018
Non-Executive Women Director Shefali B.Karani 12/28/2018 12/28/2018
Independent Director R. G.Kulkarni 5/29/2015 5/29/2015
Additional Non-Executive Independent Director Brij L.Khanna 3/28/2019 3/28/2019

Business Names
Business Name
532441
Rainbow Denim Ltd

General Information
Outstanding Shares: 13,283,700 (As of 3/31/2022)
Shareholders: 15,451
Stock Exchange: BOM
Fax Number: +91 1762248761


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Saturday, November 2, 2024