With reference to the Election Symbols (Reservation and Allotment) Order, 1968, consider the following statements:
- Under Paragraph 15 of the Order, the Election Commission of India has the power to decide disputes between rival factions of a recognized political party.
- In the event of an internal dispute without sufficient time for a complete inquiry, the Election Commission can freeze the party's name and reserved symbol as an interim measure.
- Following an interim freeze, neither faction is permitted to contest elections until the Commission delivers a final verdict on the dispute.
Which of the statements given above are correct?