Supreme Court dismisses foreign debt claim where company law prohibits such claims against shareholders.

The Supreme Court dismissed the plaintiff's claim for a foreign debt against the defendant company. The plaintiff argued that the company should bear the debt, but the defendant relied on Section 12, Chapter 7 of the Companies Act, which prohibits such claims against shareholders. The court held that the statutory prohibition renders the claim inadmissible as it violates the specific legal restrictions on shareholder liability.