Where an execution creditor admits a claim by notice under rule 12.05(2):
(a) he shall not be liable for any fees or expenses incurred by the sheriff under the warrant after the notice is given;
(b) the sheriff shall withdraw from possession of the property claimed; and
(c) the Court may, on application by the sheriff, restrain the commencement or stay or restrain the continuance by the person whose claim is admitted of proceedings in a court against the sheriff or in respect of anything done by the sheriff in execution of the warrant.