CRP/243/2025 of CHILLARA SRINIVASA RAO Vs VAJRAKURA CHIT FUNDS PVT LTD

APHC010576312024 IN THE HIGH COURT OF ANDHRA PRADESH [3299] AT AMARAVATI (Special Original Jurisdiction) FRIDAY ,THE TWENTY FIRST DAY OF MARCH TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE RAVI NATH TILHARI CIVIL REVISION PETITION NO: 243/2025 Between: Chillara Srinivasa Rao and Others ...PETITIONER(S) AND Vajrakura Chit Funds Pvt Ltd and Others ...RESPONDENT(S) Counsel for the Petitioner(S): 1. VENKATA DURGA RAO ANANTHA Counsel for the Respondent(S): 1. The Court made the following: ORDER: Heard Sri Venkata Suneel Reddy, learned counsel representing Sri A.Venkata Durga Rao, learned counsel for the petitioners. 2. The petitioners are the 1st, 2nd and 4th judgment debtors. The 1st respondent is THE decree holder. The 2nd respondent is the 3rd judgment debtor and the 3rd respondent is the 5th judgment debtor(wrongly typed as 4th judgment debtor). The respondents 4 and 5 are the garnishees. 2 3. The 1st respondent filed Arbitration Claim Petition No.379 of 2018, in which the award was passed under Section 69 of the Chit Fund Act, 1982, on 27.09.2019, as under: “ In exercise of powers conferred under section 69 of the Chit Fund Act, 1982, I do hereby order that the di