The film which received the Golden Peacock Award in the 29th International Film Festival held in New Delhi is:

Detailed Solution:

The correct answer is “The King of Masks”.

The film that received the Golden Peacock Award at the 29th International Film Festival held in New Delhi in 1999 is: (3) The King of Masks. The King of Masks is a Chinese film directed by Wu Tianming. It won the prestigious Golden Peacock Award for Best Film at the festival.