Benches of Tribunal: composition, single member authority, insolvency benches and majority decision rule for differing opinions. Section 419 prescribes that the Central Government shall notify the number of Tribunal Benches, with the Principal Bench at New Delhi under the President; Benches normally consist of two Members (one Judicial, one Technical), though the President may authorise single Judicial Member Benches for specified classes of cases and may transfer matters to multi Member Benches. The Central Government may establish Benches to exercise Adjudicating Authority powers under Part II of the Insolvency and Bankruptcy Code, 2016. Disagreements among Members are resolved by majority or, if equally divided, by referral for rehearing and majority decision.
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Provisions expressly mentioned in the judgment/order text.
Benches of Tribunal: composition, single member authority, insolvency benches and majority decision rule for differing opinions.
Section 419 prescribes that the Central Government shall notify the number of Tribunal Benches, with the Principal Bench at New Delhi under the President; Benches normally consist of two Members (one Judicial, one Technical), though the President may authorise single Judicial Member Benches for specified classes of cases and may transfer matters to multi Member Benches. The Central Government may establish Benches to exercise Adjudicating Authority powers under Part II of the Insolvency and Bankruptcy Code, 2016. Disagreements among Members are resolved by majority or, if equally divided, by referral for rehearing and majority decision.
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