This Civil Revision Petition, under Article 227 of the constitution of India, is directed against the order dated 24.08.2007 passed in E.P.No.86 of 2005 in O.S.No.71 of 2002 by the Senior Civil Judge, Tadepalligudem, whereby and whereunder, the objections filed by the petitioner herein in the form of counter for execution of the decree were overruled.

2. While the petitioner herein was facing insolvency proceedings in I.P. No. 14 of 1990 on the file of the Subordinate Judge, Tanuku, the respondent herein, who is also the second respondent in the said insolvency proceedings, filed O.S. No. 71 of 1992 on the file of the Subordinate Judge, Tadepalligudem, for specific performance basing on the agreement of sale. The petitioner herein was set ex parte and an ex parte decree was passed in the said suit on 17.09.1992. The petitioner herein filed an application to set aside the ex parte decree passed against him. He also filed an application to condone the delay of 278 days in filing the said application. However, the said application was dismissed for default. The petitioner again filed another application to restore the same and the same is pending.

3. The I.P. No. 14 of 1990, fil