HON’BLE SRI JUSTICE K. LAKSHMAN CIVIL REVISION PETITION No.1271 OF 2025

ORAL ORDER

Heard Mr.Sourabh Agarwal, learned counsel for the petitioners.

Despite service of notice, there is no representation on behalf of respondent Nos.1 and 2.

2. This revision is filed under Section - 227 of the Constitution of India challenging the order dated 12.11.2024 passed in E.P. No.306 of 2024 in Arbitration Case ARB No.230 of 2023 by the Principal Junior Civil Judge at Karimnagar.

3. On the application filed by respondent No.1 vide Arbitration Case ARB No.230 of 2023, the Chit Arbitrator/Deputy Registrar of Chits, Warangal, had passed an award dated 29.04.2024 directing the petitioners herein and respondent No.2 to pay an amount of Rs.3,88,760/- along with interest @ 18% per annum on the principal amount of Rs.3,43,943/- from the date of filing the dispute till the date of realization jointly and severally. They shall also pay Rs.9,780/-

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.306 of 2024 in ARB No.230 of

2023 seeking execution of the said award against the petitioners herein and respondent No.2 for