Consider the following statements with reference to the Collegium System of judicial appointments in India:
1. The principal objective of the Collegium System is to ensure that the best available talent is brought to the Supreme Court Bench.
2. The Collegium System was established by the Supreme Court through its judgement in the 'State of Madras v. Champakam Dorairajan' Case.
Which of the statements given above is/are correct?