Introduction

[1] There are four applications before us: Application No 8-245-2010(A) ("1st Application"), Application No 8-325-2010(A) ("2nd Application"), Application No 8-463-2010(A) ("3rd Application") and Application No 8-104-2011(A) ("4th Application"). In this judgment, we will refer to the four applications as 'the Review Applications', where the context requires.

[2] The applicants in the Review Applications were the defendants, while the respondents were plaintiffs before the High Court. For clarity and convenience, where the context requires, we will refer to the applicants in the 1st application as "Gurbachan" and "Tetuan Bachan & Kartar", 2nd application as "Regal", 3rd application as "Receiver and Manager of SEP" and 4th application as "MBF". Otherwise, the term "applicants" in this judgment refers to the applicants in these four applications.

[3] The applicants in the Review Applications moved this Court to review its decision dated 21 April 2010 in deciding not to grant leave to appeal to the applicants against the decision of the Court of Appeal.

[4] We heard the Review Applications together on 18 October 2011 and 24 October 2011. At the end of the proce