The good news is that they are atleast going to refund the money in rupees which I suppose would be a great relief for their customers. They are also giving a bounty of 10% of the hacked funds, if someone is able to recover the hacker money. Hope the police are doing a deep background check on the employees and the owners of this company to identify who stole the money.
Until when that happen, then its no point to give hope to when there is none. Reading their latest update as on the 18th, there is no way its said there on whether they have recovered the amount stolen neither did they give a time line to when the withdrawal will be available. All I see there was just some hiding behind legal connotations and to me its just damage control to ensure that the panic subsidies.
Its unfortunate that people's trust is being betrayed like this by custodians of bitcoin whether its their fault or not, its their responsibility and not this time when the government is just cracking down this will give validity to their actions and would discourage more users especially newcomers the reason not to trust again.