2022 (11) TMI 1468

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....ector of the suspended board of directors of the Corporate Debtor, being aggrieved against the admission of the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (in short 'Code') by the Operational Creditor (Creative Infraheights Pvt. Ltd.) 2. Counsel for the Appellant, at the outset, has challenged the validity of the impugned order on the ground that it has been passed by a single member (Judicial Member) though the entire matter was heard by two members (Judicial Member and Technical Member). It is submitted that the application filed under Section 9 of the Code was continuously heard by a bench comprising of Dr. Deepti Mukesh, Judicial Member and Hemant Kumar Sarangi, Member Technical till 17.01.2020 when t....

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.... the procedure for regulation of the Tribunal in which there is no such rule that the matter is heard continuously by a bench comprising of Judicial Member and Technical Member, in compliance of Section 419(3) and then suddenly the order is reserved by the Judicial Member alone. It is submitted that there are only two provisions in the Rules pertaining to the pronouncement of the order by any one member of the bench and also by authoring any member to pronounce the order but there is no such rule as per which the arguments can be heard by a single member and thereafter the order is pronounced by a single member. 6. She has also relied upon a decision of this Tribunal rendered in Raj Singh Gehlot, Director of Ambience Pvt. Ltd. Vs. Vistra I....

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....law much less Section 419 of the Act, which is reproduced as under:- "Section 419: Benches of Tribunal. *419. (1) There shall be constituted such number of Benches of the Tribunal, as may, by notification, be specified by the Central Government. (2) The Principal Bench of the Tribunal shall be at New Delhi which shall be presided over by the President of the Tribunal. (3) The powers of the Tribunal shall be exercisable by Benches consisting of two Members out of whom one shall be a Judicial Member and the other shall be a Technical Member: Provided that it shall be competent for the Members of the Tribunal authorised in this behalf to function as a Bench consisting of a single Judicial Member and exercise the powers of the Tri....

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....ength of two members out of whom one shall be a Judicial Member and the other a Technical Member. However, in order to meet the exigency, there is a proviso to this section which says that, a member of the Tribunal, who is authorized by the President to function as a bench, consisting of single Judicial Member bench, in order to exercise the powers of the Tribunal in respect of a particular class of cases or particular matters pertaining to such class of cases. However, it has to be only by a general or special order passed by the President and not otherwise. Nothing has been brought to our notice during the course of hearing that the President of the Tribunal had issue any general or special order to give power to the single member (Judici....