The arbitration awards rendered in arbitration proceedings commended before the coming into force of the Arbitration & Conciliation Act, 1996
A. Are to be challenged as per the provisions of the Arbitration Act, 1940 Act only
B. Are to be challenged as per the provisions of the 1996 Act
C. Are to be challenged as per the provisions of the Arbitration Act, 1940 only unless otherwise agreed by the parties
D. Cannot be challenged since the 1940 Act stands repealed on coming into force of the 1996 Act
Answer: Option C
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