I received this message today from Reseller Club:
We would like to inform you that the Renew Grace Period for second and third level
.IN Domain Names has been changed to 15 days.
Please note that this new policy of 15 days applies only to .IN Domain Names
expiring on or after the 14th of January, 2010. All .IN Domain Names that have
expired before this date will continue to have a Renew Grace Period of 40 days.