Seems it has been registred in the UK:
MESSERSCHMITT BF109E G-CDTI - Key Publishing Ltd Aviation Forums
So i guess its flying again.
It also seems the Indians didn't know about it:
Missing Indian Bf-109 surfaces in the UK?* [Warbirds of India - News] Warbirds of India - The Warbird Discovery of the Year
Seems somebody got themselves a Me 109 for around $2000 plus various bribes. What a deal!