A Bombay High Court order has come as a relief for a former employee of M/s Bhandari District Cooperative Bank Ltd, also an accused in alleged illegalities committed by the bank in disbursing loans years back. Borivli resident, Vishwajeet Raut, who was slapped with a recovery notice of Rs27.50 lakh with 11 per cent interest by the official liquidator, had filed a petition in the HC in December last year against the attachment of his 500 sq feet flat. The court stayed the order on Wednesday, which means Raut would be able to continue staying in the house, which is currently in symbolic custody of the liquidator.

Speaking to mid-day, Raut's advocate, Rameshwar Panchal said, "Raut and his family will stay in the house until further order, which will be issued after hearing all the parties concerned."