Petition under Article 226 of the Constitution of India praying that in the circumstances stated in the affidavit filed therewith, the High Court may be pleased to issue an appropriate writ, order or direction more particularly one in the nature ofa Writ of Mandamus, declaring the arbitration Award dated 29-01-2020 in A.R.B.No.747l2018 passed by the 3rd respondent acting as an Arbitrator for a sum of Rs.10,89,577l- against the borrower and guarantors(Petitioners) including the issuance of consequential recovery certificate under Section 7l of Chit Fund Act, 1982 without there being any Notification under sub-Section(l) of Section 6l of Chit Fund Act,l982 and consequential Execution Proceedings inE.P.No.90/2021 in ARB No.74712018 on the file of the II Add[. Junior Civil Judge at Karimnagar as illegal, arbitrary and without jurisdiction and consequently declare that the 3rd respondent has no jurisdiction to entertain andpass arbitrationA*'ard in A.R.B.No.747l2018, dated.29-01-202O atthe