~snip
Delaying the case is indeed giving us a breather, no doubt about it! But exchanges won't be able to function legally in India because the ban of RBI is still in force. So if your bank suspects that you are using cryptos and liquidating it throught the banking channel, they will be more than happy to freeze your account with all funds in it and you can't do anything to uplift the restriction legally!
The exchanges cannot function without having the permission to function but how can a bank freeze your account suspecting that you are trading in virtual currency, i do not see any notification that says that anyone trading in virtual currency will have their accounts frozen, i have checked all the banks terms of service and i do not see any and i have not heard about anyone complaining that their accounts got frozen because the bank suspect he is trading in virtual currency.
However, looking at the current situation around NRC and CAA, I don't think the crypto case will be heard by the supreme court anytime soon!
This is not a surprise, i do not expect a verdict through the legal system anytime soon.