Amendment status not verified — confirm the current text below against the official source.
(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, 1860 (45 of 1860).