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 P

Please become a Premium member. If you are already a Premium member, login here to access the full content.