TROJAN & CO. LTD. vs RM. N. N. NAGAPPA CHETTIAR.

The Supreme Court held that in cases of fraud in share transactions, damages are calculated as the difference between the purchase price and the market price on the date of purchase, as per established principles of contract law. The Court ruled that the market value must reflect knowledge of any impending market closures, and the plaintiff was entitled to interest on the awarded damages from the date of purchase. Additionally, the Court emphasized that claims must be based on the pleadings presented, and a plaintiff cannot receive a decree for unpleaded claims.