Compat, which hears appeals against rulings of fair trade regulator Competition Commission of India (CCI), comes under the Corporate Affairs Ministry.
Kher was appointed as a member late last month.
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Besides chairman, the tribunal has two members.
The two posts have been vacant since August 2014 when Rahul Sarin had retired. Prior to that, another member Parvin Tripathi superannuated in May last year.
While Kher has become a member, another post remains vacant at the tribunal.
A member would have a tenure of five years from the date of appointment or till reaching the age of 65 years, whichever is earlier, according to a circular.
In recent times, many CCI rulings have been challenged by the concerned parties at the tribunal.
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