Chemical Bonding and Molecular Structure: JEE Main 2025 Chemistry question

Given below are two statements : Statement (I) : For $\mathrm{ClF_3}$ (two lone pairs on Cl), all three possible structures may be drawn as follows (I: both lone pairs equatorial; II: one lone pair axial and one equatorial; III: both lone pairs axial). Statement (II) : Structure III is most stable, as the orbitals having the lone pairs are axial, where the lp-bp repulsion is minimum. In the light of the above statements, choose the most appropriate answer from the options given below :