I see your point, and I don't think you're wrong, but consider:
1. The delays so far have been on the Registry's part, not Mitsu's.
2. If someone attacked my livelihood, I would fight back hard, and I think most people would too, so it's hardly a surprise to see Mitsu fight back.
3. If I were a small registrar in India who couldn't afford fighting in court with NIXI, I would be very, very worried right now. Hopefully Mitsu is protecting them by setting some sort of precedent in court, but I still wouldn't be surprised to see the Registry doing this sort of thing in the future to registrars who can't afford to fight back.
Dear Jeff, I agree with you theoretically but you also might want to consider this:
1. The actual cause of delay (or registrant's suffering) looks like from Mitsu, rather than Nixi. When Mitsu filed the case, they might very well have just gone for the legal decision but what was the need to ask for a stay on domains transfer when it was pretty much evident that such a stay is only bad for the registrants like us?
2. Again, they have full rights to fight back but why forcibly make the registrants hostage? The case could go whichever way for years but had Mitsu not requested for the stay order, at least registrants would be unaffected from this fight.
3. If registry has taken such huge step, don't you think they would have some solid reason to back it up with?
In any case, as we had heard him say numerous times that he is the grandfather of .in and can get anything done in the registry in past - why isn't he using his power, influence and all those claims that he made of working alongside with registry to sort this out instead of having to fight via a full-fledged, court case? WHY?