She is dethroned officially as MUO.org rejected her application saying that she was not 18 years old by 1st feb 2012, which is basic rule of Miss Universe.
She turned 18 on 25th feb 2012 for which she became ineligible to compete in Miss Universe 2012.
I Am She shall release it's official statement shortly along with the Farewell message of Urvashi which she wrote & dedicated to everyone on Missosology.