Rainbow Denim

Rainbow Denim Limited is a public company incorporated and based in India, with its primary business being the manufacturing of Denim Fabric. Since December 2019, the company has been under a Corporate Insolvency Resolution Process initiated by an order from the National Company Law Tribunal. Consequently, the powers of the Board of Directors have been suspended, and the company's management is now vested with the Resolution Professional. Manufacturing activities at the company's plant in Punjab have been suspended since March 2019, initially due to labour unrest. The company's entire operation is focused on this single segment of denim fabric, with no other reported geographical or business divisions. In the last financial year, the company incurred a loss after tax of ?753.05 lakhs on a sales turnover of ?45.74 lakhs.;