HON’BLE SRI JUSTICE K. LAKSHMAN CIVIL REVISION PETITION No.1508 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 01.10.2024 in E.P.No.277 of 2024 in ARB.No.746 of 2020 passed by the leaned Principal Junior Civil Judge at Karimnagar.

3. Respondent No.2 is the subscriber of the Chit with respondent No.1. Petitioner and Respondent Nos.3 to 6 are the guarantors to the said Chit Funds. Respondent No.1 has filed an application under Section 64 of the Chit Funds Act, 1982 (for short ‘the Act, 1982’) vide ARB.No.746 of 2020 before the Chit Arbitrator/ Deputy Registrar of Chits, Karimnagar, claiming an amount of Rs.9,64,856/- along with interest. Learned Chit Arbitrator has passed an award, dated 24.08.2023 holding that the petitioner and respondent Nos.2 to 6 are jointly and severally liable to pay the said amount i.e., Rs.9,64,856/- with interest @ 18% p.a. on the principal amount of Rs.7,74,830/- from the date of filing of the dispute till the date of realization of the said amount.

4. Thereafter, respondent No.1 has filed an execution p