THE HON’BLE SRI JUSTICE NARSING RAO NANDIKONDA CIVIL REVISION PETITION NO.6591 of 2018

ORDER:

This Civil Revision Petition is filed under Article 227 of Constitution of India against the order passed by the learned Principal Junior Civil Judge, Warangal in E.P.No.107 of 2017 (New No.379 of 2022) in Arbitration Case No.AA/CF/298/2016.

2. Heard Ms.Geetha, learned counsel for the revision petitioners and Sri N.Amarnath, learned counsel for the respondents. The parties herein shall be referred as Decree Holder and Judgment Debtor as in Execution Petition.

3. Brief facts of the case are that respondent/decree holder has filed an application before the Deputy Registrar of Chits, Regional Office, Warangal. An Arbitration case was filed by the decree holder seeking to resolve the dispute between the decree holder and the judgment debtor in respect of the recovery of sum of Rs.2,71,076/- including the interest and the costs. Admittedly, the petitioner herein is the principal borrower/subscriber with the respondent chit company and that the 1^st Judgment Debtor was successful bidder and he was paid prize money and he also furnished security and the J.Dr Nos.2 to 5 stood as guarantors to the J.Dr