19, Section 763 of the principal enactment is hereby amended as follows :
| (i) by the renumbering of that section as subsection (1) thereof; and |
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| (ii) by the insertion, immediately after the re-numbered subsection (1) of that section, of the following new subsection:
| | " (2) The Court may order execution to be stayed upon such terms and conditions as it may deem fit, where
| | | (a) the judgment-debtor satisfies the court that substantial loss may result to the judgment- debtor unless an order for stay of execution is made, and |
| (b) security is given by the judgment-debtor for the due performance of such decree or order as may ultimately be binding upon him." |
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Sri Lanka Consolidated Acts