Guys,
I've just received an email from Blue Star Aviation congratulating me for being selected for their dubious program.
Contrary to what has been claimed earlier in this thread, they seem to be JAS-ANZ registered.
Certified Organisation Search » Joint Accreditation System of Australia & New Zealand (JAS-ANZ)
You google JAS-ANZ, click on "Certified Organisations" and in the search fields type Blue Star Aviation and select India for Country.
This isnt concrete proof that they are bonafide and I'm not going to waltz into their office with the DD of 15 lakhs.
All it means is that everything is hearsay until verified. It could very well be that some posts are just intended to whittle down competition.
Meanwhile, if anybody unearths information regarding Blue Star, do share.