The Delhi High Court has ruled that the power exercised by the High Court under Section 11 of the Arbitration and Conciliation Act, 1996 is not merely an administrative function but a judicial power, and that the Court does not cease to be a Court of Record while exercising power under Section 11. Thus, the bench of Justice Yashwant Varma …
Delegated legislations that are forbiddingly excessive or disproportionate can also be manifestly arbitrary, the Supreme Court observed in the order passed in Franklin Templeton case today.The bench comprising Justices S. Abdul Nazeer and Sanjiv Khanna, however, held that the Securities and Exchange Board of India Regulations, 1996 under challenge do not suffer from the vice. Delegated legislations that are forbiddingly …
