A stay of orders requiring discharge of a mortgage and security deeds will be granted pending appeal where there is a real possibility that the respondent will borrow against the freed equity and dissipate it, leaving the appellant with no means to enforce its security if successful on appeal, particularly where the appeal raises arguable grounds and is to be heard shortly. An application for security for costs of the appeal will be refused where the corporate appellant demonstrates a substantial bank balance and loan portfolio, notwithstanding that it operates through a group structure.
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