Special Benches of the Tribunal may be constituted for cases under company and insolvency law, with broader section 419 coverage. Amendment of section 419 broadens the scope of sub-section (4) by replacing 'Part II of' with 'any of the provisions of'. It also empowers the President, where appropriate, to constitute one or more Special Benches of the Tribunal in the prescribed manner for disposal of cases under the Companies Act, 2013 or the Insolvency and Bankruptcy Code, 2016.
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Provisions expressly mentioned in the judgment/order text.
Special Benches of the Tribunal may be constituted for cases under company and insolvency law, with broader section 419 coverage.
Amendment of section 419 broadens the scope of sub-section (4) by replacing "Part II of" with "any of the provisions of". It also empowers the President, where appropriate, to constitute one or more Special Benches of the Tribunal in the prescribed manner for disposal of cases under the Companies Act, 2013 or the Insolvency and Bankruptcy Code, 2016.
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