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…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 and that the application has been made without unreasonable…

…delay and (b) such security as the court orders for the due performance of such decree or order as may ultimately be binding on him has been given by the applicant.”…

…That the application has been made without unreasonable delay. (3). That the substantial loss may result to the applicant unless the order is made. (4).…