JUDGMENT

KULDIP SINGH J. : - The Board of Directors (the Board) of the Andhra Pradesh State Financial Corporation (the Corporation), on August 24, 1987, approved the promotion criteria in respect of various posts in the service of the Corporation. Thereafter, Office Memorandum dated September 1, 1987 containing the said criteria was issued. In these appeals, we are concerned with the promotions made to the posts of Manager and above. The Office Memorandum indicated the following criteria for promotion to the post of Manager and above : -

"I A minimum service of 3 years is required to become eligible for promotion to the next higher cadre.

2. The weightages attached to various criteria for considering merit promotions to various cadre personnel is as follows :

Additional qualifications 10%

Length of service in the cadre 15%

3 to 4 years 71/4 %

4 to 5 years 10 1/4%

5 years and above 15%

Performance appraisal 50%

Interview 25%

2. Regarding the performance appraisal, having weightage of 50% marks, the Board, in its meeting dated August 24, 1987 resolved as under :-

"FURTHER RESOLVED THAT THE existing confidential reports shall be continued up to the level of Asstt. Managers. For Deputy Man