Writ petition can be dismissed even if the alternative remedy is available to the petitioner under SEBI Act, 1992

SUMMARY OF CASE LAW It cannot be laid down as a proposition of law that once a petition is admitted, it could never be dismissed on the ground of alternative remedy; therefore, the High Court can entertain the plea whether the writ is maintainable on the ground of availability of alternative remedy, even after the writ petition was admitted and rule nisi was ordered. RELEVANT PARAGRAPH 8. Though, this Court admitted the writ petition and issued the rule nisi and also granted injunction, having regard to the nature of the plea that has been made by the learned Senior Counsel Mr.P.S.Raman appear...