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of <h1>New Benches Under Companies Act Section 419: Structure, Function, and Amendments for Insolvency Cases Explained</h1> Section 419 of the Companies Act, 2013, outlines the structure and functioning of the National Company Law Tribunal and its Appellate Tribunal. It mandates the establishment of multiple Benches, with the Principal Bench located in New Delhi, presided over by the Tribunal's President. Each Bench typically comprises a Judicial Member and a Technical Member, though single-member Benches may be authorized for specific cases. In case of differing opinions among Bench Members, decisions are made by majority, or referred for further hearing. Amendments allow the Central Government to establish additional Benches to handle matters under the Insolvency and Bankruptcy Code, 2016.
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