N.Narayanan vs The Securities And Exchange Board Of on 24 July, 2009
27.He further relied upon the judgment of the Honourable Supreme Court
reported in 1983(2)SCC 433 in the case of Titaghur Paper Mills Co. Ltd., vs
State of Orissa and others, wherein it has also been held "It is now well
recognised that where a right or liability is created by a statute which gives a
special remedy for enforcing it, the remedy provided by that statute only must
be availed of. This rule was stated with great clarity by Willes, J in
Wolverhampton New Waterworks Co. v. Hawkesford in the following passage: