Section 419 — Benches of Tribunal

(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 Tribu nal 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:

1. Ins. by Act 7 of 2017, s. 172 (w.e.f. 26-5-5017).
2. Subs. by Act 33 of 2021, s. 28, for “Part XIV of Chapter VI of the Finance Act, 2017 (7 of 2017) , shall be governed by the
provisions of the section 184 of that Act” (w.e.f. 4-4-2021).
3. Ins. by Act 29 of 2020, s. 59 (w.e.f. 22-1-2021).

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 Tribunal in respect of
such class of cases or such matters pe rtaining to such class of cases, as the President may, by general or
special order, specify:
Provided further that if at any stage of the hearing of any such case or matter, it appears to the Member
that the case or matter is of such a nature that it ought to be heard by a Bench consisting of two Members,
the case or matter may be transferred by the President, or, as the case may be, referred to him for transfer,
to such Bench as the President may deem fit.
1[(4) The Central Government shall, by notification, establish such number of benches of the Tribunal,
as it may consider necessary, to exercise the jurisdiction, powers and authority of the Adjudicating
Authority conferred on such Tribunal by or under Part II of the Insolvency and Bankruptcy Code, 2016 (31
of 2016).]
(5) If the Members of a Bench differ in opinion on any point or points, it shall be decided according to