388C Interim order by Company Law Board

(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