Is latex paint good enough for panel walls or do i have to use enamel.?

Most likely your panel walls are coated with oil based polyurathane. Therefore, buy oil (aklyd) based paint. If you paint over oil based products with water based (latex) the paint will scrape off very easily. You will have a mess on your hands in a year.Is latex paint good enough for panel walls or do i have to use enamel.?
A high quality latex paint will work fine. I recommend Behr available at Home Depot. When it comes to paint, you get what you pay for. I also suggest a good primer if you are covering paneling.Is latex paint good enough for panel walls or do i have to use enamel.?
latex will definitely work. If you want it to look like enamel you will have to do a great job of prepping. Make sure you prime the panel. Using latex paint. Your primer is the key to the whole thing. ( I am asumming that your talking about wood panels.) Do a good uniform job of priming. One tip, if you are rolling the primer on, don't do like they do on the how-to shows. After you have got the panel covered in paint, go back to the beginning. Gently lay your roller on the wall(panel) and roll striaght down using even pressure, move over one roller width and roll straight down the panel again. This will help to minimize random marks on the panel. After you have done that with the primer, you can roll the paint on the panel again, or better yet. Spray paint them. Just make sure if you are using a sprayer, cover everything else with plastic. Again, prep work is the key to a great looking paint job. Have patience and do your prep work.
Latex paint will be fine for the final coat, but to cover paneling you'll need to prime first. Get a good quality stain blocking primer. Lightly sand the paneling and wipe it clean. Then apply the primer, then paint. Without the sanding and the primer, the paint may peel and will almost definitely discolor over time. The finish on the paneling will bleed through. The people at any paint store, Home Depot or Lowes can give you specific advice about brands they sell and the compatibility of the primers and paint.
latex is ok if you primr it however you might concider ';floating '; over the paneling with drywall mud and giving it a good sanding. a few coats, kilz primer, latex paint the walls will look like new