Dhaka, Dec. 1 -- The Appellate Division of the Supreme Court has stayed for two months a High Court verdict that ruled no bank or the financial institution (FI) can file cheque dishonour case against any person for defaulted loans.

A five-member bench of the Appellate Division headed by Chief Justice Hasan Foez Siddique passed the order on Thursday after hearing three separate petitions filed by BRAC Bank against the High Court verdict.

The apex court, however, asked the BRAC Bank to file a regular appeal petition against the verdict by this time. It also upheld the bail order granted to the borrower by the High Court.

Attorney General AM Amin Uddin who appeared on behalf of the BRAC Bank said they will file a regular appeal petition a...