On the other hand, somebody has mentioned about the monthly fees (account maintenance fees) might not be charged if some trade is done during that month. So their is a hope for better days. Once this kick-starts properly then other companies will also follow the suit.
If account maintenance fees is the only source of making money then they will not survive, all the exchanges have trading fees and that is how they will survive and that is the business model they need to look forward and if they provide a competitive price then with volume they will have their profit.
With the court case keep on extending and the announcement of Zebpay making a return to the Indian market i am expecting some kind of drama again from the government or from the RBI to curb things once again, right now there is no individual ban but i wont be surprised if they exercise something like that as the government always like in making controversy rather than doing anything meaningful.
Still not clear whether they are planning to come up with P2P based trading or any other method.