Mark the Correct Statement, Under the Act of 1996:
A. Presiding Arbitrator replaces the umpire of the old Act
B. Presiding Arbitrator is a part and parcel of the Arbitral Tribunal while umpire under the old Act was a third person
C. Presiding Arbitrator makes award along with panel of Arbitrator while umpire could make award single handedly when the appointed arbitrators had failed to arrive at a consensus
D. All are correct
Answer: Option D
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