The author in this paper not only aims to bring forth the value and meaning of the rule of law but also tries to portray its importance as a tool that limits the abuse of power. The introduction of this paper sets out to give a brief of the meaning of rule of law, it’s the origin and brief analysis of the definition given by A.V. Dicey in his book “The Law of the Constitution (1885)”. The second part of the research paper talks about the two theories of the Rule of Law- The Rule-Book and Rights-Based theories. The analysis basically elucidates upon how the doctrine of Rule of Law has been upheld in almost all judicial decisions in India. Finally, the author concludes with how the need of the hour is to correct its implementation and execution so that law prevails over everyone and everybody.