At times, refernces are made of one statute in another statute. In such cases what will be the effect on the statute in which the refernce have been made of a refreed statute, when such referred statute stands repealed.
- Facts can be made more clearer referring to Central Excise Act, 1944. In this Act u/s4(3)(b)(i), explanation states that "interconnected undertakings shall have the meaning assigned to it in 2(g) of MRTP Act, 1969." However MRTP Act, 1969 stands repaled on coomencement of Competition Act, 2002 with no corresponding section in Competion Act, 2002.
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