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…It does not appear to me that they stand to suffer any substantial loss if the orders sought in this application are not granted. I specifically dealt with this matter in my ruling.…

…For an application for stay to succeed, the applicant has to satisfy the court that substantial loss may result unless the order is made and that the application has been made without unreasonable delay.…

…Both in the application and the affidavit in support of the same, it has been stated that the defendant will suffer substantial loss and will be ruined if an order for stay is not granted.…

…By virtue of the provision of o 41 rule 4 (2) of the Civil Procedure Rules – “No order for stay of execution shall be made under sub rule (1) unless – (a) the Court is satisfied that substantial loss may result to the applicant…

…Upon my assessment of the matter I am satisfied that substantial loss may result if the application is not made.…

…Rule 4(2) aforesaid provides as follows: “ (2) No order for stay of execution shall be made under sub-rule (1) unless- (a) the court is satisfied that substantial loss may result to the applicant unless the order is made…

…Substantial loss may thereby occur. The application for sty was filed timeously. In view of the foregoing I am inclined to grant the stay sought by preserving the status quo.…

…He said the applicant has notshown the substantial loss it would suffer.…

…If there isno evidence of substantial loss to theapplicant it would be a rare case when anappeal would be rendered nugatory by someother event.…