P. S. Mishra and L. P. N. Shahdeo, JJ.

1. Three applications which have been heard one after the other, seek, inter alia, a writ in the nature of mandamus to the respondents, Bihar State Financial Corporation and the Managing Director of the said Corporation to follow the directions of the State of Bihar in its letter dated 10-4-1981, as contained in Annexure-3 and accordingly to prepare a management pool for appointment and promotion of officers of Class I and class II in the Corporation.

2. The Bihar State Financial Corporation is a body created by a Notification of the State Government as contemplated in the State Financial Corporation act, 1951. Its management is in the hands of a Board appointed in accordance with the provisions of the said Act and subject to the provisions as contained in Sections 23 and 39 thereof which, inter alia state that the corporation may appoint such officers Advisors and employees as it considers necessary for the efficient performance of its function and determine by regulation their conditions and appointments in service and the remuneration payable to them provided that the State Government may in consultation with and after obtaining the