The Competition Act, 2002, provides for which of the following?
A. Establishment of a Commission to prevent practices having an effect on competition
B. To promote and sustain competition in markets
C. To protect the interests of consumers
D. To ensure freedom of trade carried on by the other participants in the markets
E. To establish NCLT and NCLAT to decide various matters
Choose the correct answer:

Correct option is D

The Competition Act, 2002, aims to regulate anti-competitive practices, promote fair competition, and protect consumer interests. The Competition Commission of India (CCI) enforces these objectives. However, the establishment of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) falls under the Companies Act, 2013, not the Competition Act.