The order authorises Single Judicial Member Benches to hear and dispose of specified classes of matters under the Companies Act and the IBC to ensure faster disposal and reduce pendency. It permits single-member benches to handle procedural, urgent, and uncontested matters such as early hearing applications, condonation of delay, extensions of CIRP or liquidation periods, substitution of IRP/RP/liquidator, and recording of CoC changes. However, safeguards are retained, i.e. the contested matters affecting substantive rights must continue before Division Benches, and any party can request such transfer.