(1.) These petitions raise an important question of law relating to recruitment to Class III cadre in the Reserve Bank of India, which is a body corporate constituted under the Reserve Bank of India Act, 1934. The matter arises in this way :
(2.) The non-consideration of the petitioners' applications is sought to be justified by the Reserve Bank of India, on the following contentions :
(3.) The question is, whether the classification made by the Reserve Bank, on the basis of gradation from the universities established in the respective zone is a valid classification within the scope of Art. 16 of the Constitution.