P.K.Deb, J.

1. Both these writ petitions are taken up together as they relate to same set of facts and points of law involved are the same.

2. The grievances of the petitioners in both the writ petitions are that the respondent No. 1 floated its share to general public as per the decision taken by the Government of India. In the month of December, 1993, the respondent No. 1 offered twelve crores forty lacs Equity shares of Rs. 10.00 each at a premium of Rs. 90.00 per share. Cut of this, offer to generaf public was to the tune of Rs. 750 crores. Such Public issue of the equity shares of the State Bank of India was opened on 15.12.1993 and closed on 24.12.1993. Extensive advertisements were made for wider circulation to the general public and in response to the same, the petitioners in both the writ petitions applied by filing separate and individual applications for allotment of 50 Equity Sahres by depositing cheque of Rs. 5,000.00 each, details of which were given in Para-9 of the writ petitions. Respondent No. 3 M/s. Mas Services (Pvt.) Ltd. was appointed as Registrar to the Issues. Final allotment of the Equity Shares were made in consultation with the Securities & Exchan