HON’BLE SRI JUSTICE K. LAKSHMAN CIVIL REVISION PETITION No.1404 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 21.03.2024 in E.P.No.56 of 2024 in ARB.No.1023 of 2021 passed by the leaned III Additional Junior Civil Judge at Karimnagar.

3. Respondent No.2 is the subscriber of respondent No.1 Chit Fund Company. Petitioner and Respondent Nos.3 to 5 are the guarantors to the said Chit. Respondent No.1 has filed an application under Section 64 of the Chit Funds Act, 1982 (for short ‘the Act, 1982’) vide ARB.No.837 of 2020 before the Chit Arbitrator/ Deputy Registrar of Chits, Karimnagar, claiming an amount of Rs.4,37,191/- along with interest. Learned Chit Arbitrator has passed an award, dated 24.03.2023 holding that the petitioner and respondent Nos.3 to 5 are jointly and severally liable to pay the said amount i.e., Rs.4,37,191/- with interest @ 18% p.a. on the principal amount of Rs.3,84,750/- 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 executio