Appellate Court may require appellant to furnish security for costs. Where appellant resides out of Bangladesh

(1) The Appellate Court may, in its discretion, either before the respondent is called upon to appear and answer or afterwards on the application of the respondent, demand from the appellant security for the costs of the appeal, or of the original suit, or of both:

Provided that the Court shall demand such security in all cases in which the appellant is residing out of Bangladesh, and is not possessed of any sufficient immoveable property within Bangladesh other than the property (if any) to which the appeal relates.

(2) Where such security is not furnished within such time as the Court orders, the Court shall reject the appeal.