Suvreen Chawla, the actress who played Suvreen Guggal in the show "Suvreen Guggal - Topper of The Year," had a shoulder-length, layered haircut with soft waves. It was a very popular and stylish look at the time.
While it doesn't have a specific, universally recognized name like "The Rachel," you could describe it as a layered shoulder-length cut with soft waves. Some might also call it a long bob (lob) with layers.
