Anyway crypto currency will be going to regulate in India very soon because of already top list country are regulated the crypto like Japan and more, and coming days some big companies like Facebook and telegram launching their own crypto coin, so I hope that Indian government and RBI will getting the crypto regulations in India very soon.
Users or even people who understand cryptos in India is a very minuscule percentage. These things are far from Government's mind to take care of. I think Supreme Court on this matter will only take a stand which aligns with Government's policies and directions. In this respect, I think India would go along with what is being done internationally like the committee formed during last G20 submit.