2019 SCC Vol. 5 June 7, 2019 Part 3 Arbitration and Conciliation Act, 1996 — S. 11(6) r/w S. 11(6-A) — Appointment of arbitrator: Appointment of arbitrator is not permissible in the absence of an arbitral dispute. Appointment of arbitrator is a judicial power and is not a mere administrative function, thus leaving room for some degree of judicial intervention. When it comes to the question to examine existence of prima facie arbitration agreement, it is always necessary to ensure that the dispute resolution process does not become unnecessarily protracted. [United India Insurance Co. Ltd. v. Antique Art Exports (P) Ltd., (2019) 5 SCC 362] Banking Regulation Act, 1949 — Ss. 21, 35-A, 35-AA, 35-AB and Ss. 36-ACA(1), 36-AE and 36-AF, 45-Y, 52(1) & 55-A and S. 45-L(3) of RBI Act — RBI Circular dt. 12-2-2018 for Resolution of Stressed Assets — Validity of: Without the authorisation of Central Government to RBI to issue directions to a banking company/compa...