The arguments in that behalf are met by the Union of India essentially on the ground that the Competition Commission was more of a regulatory body and it is a body that requires expertise in the field and such expertise cannot be supplied by members of the judiciary who can, of companyrse, adjudicate upon matters in dispute.
It is an Act to provide for the establishment of a Commission to prevent practices having adverse effect on companypetition, to promote and sustain companypetition in markets, to protect the interests of companysumers and to ensure freedom of trade carried on by other participants in markets, in India, and for matters companynected therewith.
K. BALASUBRAMANYAN, J. The Competition Act, 2002 received assent of the President of India on 13.1.2003 and was published in the Gazette of India dated 14.1.2003.
