( 1 ) ON the 14th of June, 1968 this suit was instituted by the Reserve Bank of India Act of 1934 against 1746 of its employees as defendants. The Reserve Bank of India has to perform many functions enjoined by the said statute. It has its various sections located at 15 Netaji Subhas Road, Calcutta, and 8 Council House Street, Calcutta. The defendants Nos. 1 to 10, it has been alleged, are members of the supervisory staff who are Class II employees of the plaintiff Bank. The defendants Nos. 11 to 1672, it has been alleged, are members of the All India Reserve Bank Employees Association and belong to Class II employees of the plaintiff. It has been further alleged that defendants Nos. 1673 to 1675 are members of the Supervisory Staff who are Class II employees of the said Bank. The defendants Nos. 1676 to 1746 are members of the All India Reserve Bank Employees Association. It has been further stated in the plaint that under Section 8 of the said Act a Central Board was constituted with certain powers, and the said Central Board had pursuant to the said powers made certain regulations and conditions of service for the said staff of the Bank known as the Reser