Successor To Merger Transaction Can Invoke Arbitration Clause When All Rights And Liabilities Are Transferred: Calcutta High Court

The Calcutta High Court held that a successor to a merger transaction can invoke an arbitration clause when all rights and liabilities are transferred to the successor entity. The court recognized the principle of privity of contract extending to the successor in interest in cases of mergers, allowing the successor to step into the shoes of the original party for the purpose of arbitration agreements.