In India money talks and airline managements have plenty. This deadline will surely be extended, just as all laws are tilted in airlines favour; the recent FDTL issue being amended to suit airlines' commercial considerations is yet another example. So its very predictable that after appeasing fresh Indian CPL holders and airline pilots that DGCA has their interest at heart by making such statements, it will succumb to airline pressures.
They all play ball here and civil aviation is no different. Sick but true.
Aeronotix