Interim order by [Tribunal ] :
Section – 388C. (1) Where during the pendency of a case before the [ Tribunal] it appears necessary to the [ Tribunal] so to do in the interest of the members or creditors of the company or in the public interest, the [Tribunal] may on the application of the Central Government or on its own motion, by an order—
(a ) direct that the respondent shall not discharge any of the duties of his office until further orders of the [ Tribunal], and
(b ) appoint a suitable person in place of the respondent to discharge the duties of the office held by the respondent subject to such terms and conditions as the [Tribunal ] may specify in the order.
(2) Every person appointed under clause (b) of sub-section (1) shall be deemed to be a public servant within the meaning of section 21 of the Indian Penal Code (45 of 1860).