The situation with pilot licences in India is approaching the classic "if you owe the bank a million dollars and can't repay it, you have a problem - if you owe the bank ten billion dollars and can't repay it, the bank has a problem".
Someone has beaten me to it, but my prediction is that a few spear carriers unfortunate enough not to have family conections will get burned - and the vast majority will, at the stroke of a pen, be declared, magically, to have valid documentation.
Done and dusted, with virtually nothing changed.