I am in India and able to access and download VLC through my ISP from the official videolan website.
It is very likely the case would get thrown out as the party to which the notice is served (Ministry of Electronics and Information Technology) might just submit an affidavit / explanation to the court that no ban has been issued. That would leave videolan with the option of pursuing the ISPs and then it becomes murky. They should probably also add the ISPs (at least the big ones) that are blocking the website as additional defendants so they can issue sworn affidavits on whether there is a shadowban in place.
I absolutely don't get why videolan needs to be blocked. I hope they get the blockage lifted.