1. This civil revision petition, under Article 227 of the Constitution of India, is filed by the defendant in OS. No. 317 of 2010 on the file of the Court of the learned Senior Civil Judge, Gajuwaka, Visakhapatnam District, requesting to set aside the Award, dated 05.02.2012, in the aforementioned suit, passed by the Lok Adalat Bench constituted by the District Legal Services Authority, Visakhapatnam. I have heard the submissions of Smt. B. Neeraja Reddy, learned counsel appearing for the revision petitioner-defendant and of Sri N. Siva Reddy, learned counsel appearing for the respondent-plaintiff. I have perused the material record.

2. The parties shall hereinafter be referred to as they are arraigned in the suit for convenience and clarity.

3. At the outset, the facts, which lead to the filing of this revision petition by the defendant, in brief, are as follows:

The plaintiff brought the afore-stated suit against the defendant for recovery of principal amount of Rs. 1,50,000/- due under a registered mortgage deed with interest and for granting a preliminary decree for the suit amount with interest and costs. The mortgaged property, as described in the plaint schedule, is a si