A petition under section 34 of the Arbitration and Conciliation Act, 1996 is filed on the forty firstday after the expiry of limitation prescribed in section 34(c) of the said Act along with an application for condoning the delay. The Court must

A. Condone delay and issue notice of the petition under section 34 of the Arbitration and Conciliation Act, 1996 to the Respondent

B. Issue notice to Respondent only of the application seeking condonation of delay

C. Dismiss the application for condonation of delay as well as petition under section 34 of the Arbitration and Conciliation Act, 1996 on ground of limitation

D. Issue notice of the application seeking condonation of delay as well as of the petition under section 34 of the Arbitration and Conciliation Act, 1996

Answer: Option C