Adjudicating Authority designation: NCLT Benches empowered to exercise insolvency jurisdiction under the Code from notified commencement. The notification designates Benches of the National Company Law Tribunal to exercise the jurisdiction, powers and authority of the Adjudicating Authority under the Insolvency and Bankruptcy Code for matters falling under Part II of the Code, and states that the designation shall come into force from the notified commencement date.