HON’BLE SRI JUSTICE K. LAKSHMAN CIVIL REVISION PETITION No.1545 OF 2025

ORAL ORDER

Heard Mr. P. Sajan Kumar, learned counsel for the petitioner -

judgment debtor No3.

2. This revision is filed under Section - 227 of the Constitution of India challenging the registration of EP and the consequential attachment order dated 25.02.2025 passed in ARB E.P. No.49 of 2024 in Arbitration Case ARB No.880 of 2014 by I Additional District Judge at Karimnagar.

3. Perusal of record would reveal that on the application filed by respondent No.1 vide Arbitration Case ARB No.880 of 2014, the Chit Arbitrator/Deputy Registrar of Chits, Karimnagar, had passed an award dated 29.11.2014 directing the petitioner herein and respondent Nos.2 and 3 to pay an amount of Rs.5,93,268/- along with interest @ 10% per annum from the date of petition i.e., 26.03.2014 till the date of Award and @ 18% per annum from the date of award till realization. They shall also pay Rs.21,450/- towards costs of the arbitration proceedings.

4. Pursuant to the said award, respondent No.1 herein had filed an execution petition vide E.P. No.49 of 2024 in ARB No.880 of 2014 against the petitioner herein for recovery of Rs.16,30,422/- from h