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(1) The chairperson
shall be a person who is or has been a Judge of the Supreme Court or the Chief Justice of a High Court.
(2) A Judicial Member shall be a person who is or has been a Judge of a High Court or is a Judicial
Member of the Tribunal for five years.
1[(3) A technical member shall be a person of proven ability, integrity and standing having special
knowledge and professional experience of not less than twenty-five years in industrial finance, industrial
management, industrial reconstruction, investment and accountancy.]
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1. Subs. by s. 84, ibid., for sub-section (3) (w.e.f. 9-2-2018).