THE HON’BLE SRI JUSTICE N. TUKARAMJI CIVIL REVISION PETITION No.2830 OF 2025

ORDER

This Revision has been filed challenging the decree and order dated 10.04.2025 in E.P. No.286 of 2021 in Arb. No.4 of 2020 on the file of I Additional Junior Civil Judge-cum-I Additional Judicial Magistrate of I Class, Kaimnagar.

2. I have heard Sri Papaiah Peddakula, learned Counsel for the petitioner and Sri K.S. Sai Pavan, learned Counsel for respondents.

3. Briefly stated, the relevant facts are that Respondent No.1/Decree Holder in Arb. No.4 of 2020 instituted E.P. No.286 of 2021 against the petitioner and three others seeking attachment of salary to realize the arbitral award. The factual background reveals that Respondent No.1 had advanced a chit amount under a joint garnishee bond dated 07.07.2017, wherein Respondent No.3 was the principal borrower, while Petitioner and Respondent Nos.1 and 4 to 6 stood as sureties. As the principal borrower (Respondent No.3) defaulted in payment of instalments, Respondent No.1 invoked arbitration before the Deputy Registrar of Chits, Karimnagar. By an award dated 18.01.2021, the Arbitrator decreed recovery of Rs.9,95,000/- along with interest at 18% per annum