HON’BLE SRI JUSTICE K. LAKSHMAN CIVIL REVISION PETITION No.3572 of 2024

ORDER

Heard Sri K. Buchi Babu, learned counsel for the petitioner and Sri K. P. Vijay Kumar, learned counsel for the respondent. Perused the record.

2. This Civil Revision Petition is filed under Section 115 of C.P.C, challenging the order, dated 28.08.2024 in E.P.No.25 of 2020, passed by the leaned Principal Junior Civil Judge-cum-Judicial Magistrate of First Class at Huzurabad.

3. Petitioner is the subscriber of the Chit with respondent No.1. J.D.R.Nos.2 to 4 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.635 of 2014 before the Chit Arbitrator/ Deputy Registrar of Chits, Karimnagar, claiming an amount of Rs.3,67,352/- along with interest @ Rs.18% per annum on the principal amount of Rs.3,17,391/- from the date of filing of dispute till the date of realization of said amount and cost of suit against the petitioner and guarantors. Learned Deputy Registrar of Chits/ Chit Arbitrator has passed an award, dated 27.06.2015 holding that the petitioner and guarantors are jointly and severally liable