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of <h1>Tribunal bench composition for IBC adjudication: two-member judicial-technical norm, limited single-member hearings, majority decision safeguards</h1> Permits constitution of such number of Tribunal benches as notified by the Central Government, with the Principal Bench located at New Delhi and presided over by the President. Prescribes that Tribunal powers are ordinarily exercised by a two-Member Bench comprising one Judicial Member and one Technical Member, enabling adjudication through a mixed composition. Authorises specified matters to be heard by a single Judicial Member where so ordered by the President, but requires transfer to a two-Member Bench if the case warrants it, ensuring appropriate bench strength. Requires the Central Government to establish benches necessary for exercising the Tribunal's jurisdiction as Adjudicating Authority under Part II of the Insolvency and Bankruptcy Code, 2016, enabling dedicated IBC adjudication. Provides a majority-decision rule and, in case of equality, referral for decision by additional Member(s).
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