HON’BLE SRI JUSTICE K. LAKSHMAN CIVIL REVISION PETITION No.1633 of 2025

ORDER

Heard learned counsel for the petitioner. Perused the record.

2. This Civil Revision Petition is filed under Article 227 of the Constitution of India, challenging the attachment order, dated 24.12.2024 in Arb.E.P.No.18 of 2023 in ARB.Case No.280 of 2022 passed by the leaned II Additional District Judge, Karimngar.

3. Respondent No.2 is the subscriber of the Chit. Petitioner and Respondent Nos.3 and 4 are the guarantors to the said Chit. When the dispute was referred to the Arbitrai Tribunal under section 23 of the Arbitration and Conciliation Act, 1996, learned Arbitrator has passed an award, dated 27.09.2022 holding that the petitioner and respondent Nos.2 to 4 are jointly and severally liable to pay an amount of Rs.6,51,762/- with interest @ 10% p.a. on the amount due from the date of filing of the petition i.e., 28.03.2022 till the date of award and @ 18% p.a. from the date of award to realization of the entire amount.

4. Thereafter, respondent No.1 has filed an execution petition vide E.P.No.18 of 2023 in ARB No.280 of 2022 under Order XXI Rule 48 of C.P.C for execution of the said award. Vide impugned s