Called them. Got a very courteous and patient reply, "Its on freeze and not cancelled, you all will hear from us shortly...". When asked, if their "shortly" means the same as mine(which is less than a 2 months), she said "probably not".
More importantly, i got one imp information, i.e. Even if we get our self sponsored rating done in this period of lull, we are eligible for this induction process and would be considered as Rated pilot. That's good news for me.