Which of the following statements regarding powers granted under Section 8 of the Arbitration and Conciliation Act 1996, are correct? 1. The application under Section 8 may be filed before the Arbitrator. 2. Section 8 is an instance of the least judicial intervention when there is an arbitration agreement between the parties. 3. When an application under Section 8 is filed before the court, the proceedings before the Arbitrator are stayed. 4. The application under Section 8 shall not be entertained unless it is accompanied by the original arbitration agreement. Select the correct answer using the given below:

Answer: Option B