The National Company Law Tribunal (NCLT), Mumbai Bench, has approved Hindustan Unilever Limited’s (HUL) much-anticipated Scheme of Arrangement to demerge its Ice-Cream Business Undertaking into Kwality Wall’s (India) Limited. The scheme, pursued under Sections 230–232 of the Companies Act, 2013, received its final sanction on October 30, 2025. This demerger aims to unlock value, sharpen […]
