From the information in the link, I think the ban has not really been active since the exchanges are still acting as escrow.

Thus, from this extract from the link"
Nischal Shetty also explained how peer-to-peer method will work. He said the exchange will first connect the person looking to buy crypto for rupee with someone who's looking to sell crypto for rupee. Then the seller will have to deposit the virtual currency with the exchange. Then the buyer will have to pay rupee to the seller directly. And once the seller receives the payment and confirms to the exchange, the crypto-exchange will release the currency to the buyer".

Hence, the exchanges are still running an escrow services. Meanwhile, the suppose ban was to even limit exchanges activities with individual and not limiting India investors with the outside world.

So this is probably related to why zebpay close their exchange. The news back then about India's government about BTC was different but maybe one day they change their minds about it because countries embracing crypto is increasing already, they know whats coming in the future so join the flock because we are going there.

I'm not aware on this news that bitcoin is ban at india but since im full of curiosity i've research some news and i would like to share it the link is down below , looking forward to reply or comment though , because as far as i know it's been regulated on some part of asia so how come the india country ban it.

Link: https://www.newsbtc.com/2018/04/07/no-india-not-banned-bitcoin-trading-government-confirms/

I think this is where it will get to. It is going to be a hidden business transaction where the people there won't have the freedom to exercise financial transaction anymore. But, I think this is likely to set the Indians backwards a bit.

I am sad to hear that news because I am worried about the people in India that wants to invest in bitcoin. People in India wants to invest in bitcoin but they can't. I hope that the bitcoin will not be banned in India because many people wants to invest in bitcoin.

India will repent further for doing so. Bitcoin is being used in many places and I hope this popularity will increase more ahead.

A sad and old news. India has banned crypto too because of its virtuality and many other cause. But I am not much bothered about it as you can see the market is still recovering inspite of this bad news.

that's why you need to go to Socratus

I think It is very much still legal to trade cryptocurrency and please note that 31st March Government installed committee to provide report to government to regulate or bring rules so please be vigilant and see the news to get avoid any trouble in future. I would suggest to watch the genuine news .