law: The Arbitration and Conciliation Act, 1996
  4. Waiver of right to
  
  object.
  A party who knows
  
  that-
  a.  
  
    any
  
  provision of this Part from which the parties may derogate. or
  b.  
  
    any
  
  requirement under the arbitration agreement. Has not been-complied with and yet
  
  proceeds with the arbitration without stating his objection to such
  
  non-compliance without undue delay or, if a time limit is provided for slating
  
  that objection, within that period of time, shall be deemed to have waived his
  
  right to so object.