HON’BLE SRI JUSTICE K. LAKSHMAN CIVIL REVISION PETITION No.752 OF 2025

ORAL ORDER

Heard Mr. Rajesh Bathula, learned counsel for the petitioners and Mr. K. Sai Krishna, learned counsel for respondent No.1.

2. This revision is filed under Section - 227 of the Constitution of India challenging the order dated 05.07.2024 passed in E.P. No.61 of 2022 in Arbitration Case ARB No.868 of 2021 by the Junior Civil Judge at Huzurabad.

3. On the application filed by respondent No.1 vide Arbitration Case ARB No.868 of 2021, the Chit Arbitrator/Deputy Registrar of Chits, Warangal, had passed an award dated 20.06.2022 directing the petitioners herein and respondent Nos.2 and 3 to pay an amount of Rs.6,66,105/- along with interest @ 18% per annum on the principal amount of Rs.4,33,600/- from the date of filing the dispute till the date of realization. They shall also pay Rs.14,441/- 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.61 of 2022 in ARB No.868 of 2021 seeking execution of the said award against the petitioners herein and respondent No.3 for recovery of Rs.7,41,735/- from them. Vide the aforesaid