Thanks for your reply!
So as per :
https://www.canada.ca/en/immigration-refugees-citizenship/services/application/application-forms-guides/guide-5552-applying-change-conditions-extend-your-stay-canada-student.html#restoration
^ I can only restore my status as a student after 3rd May?
If yes, then meanwhile what status should I provide to my University when I start studying there from 1st May 2022?
I don't think you can start studying until you have your application approved.
You do not need to apply for restoration of status because you still have status.
You can apply for a Study Permit while still holding a valid PGWP, if approved you can hold both permits simultaneously. However, this does not seem to be the case for you, as it is extremely unlikely you will be able to see your study permit application approved by May 1st.
You cannot study unless you hold a valid study permit, not in process, but already approved.
Thanks for your response
@scylla ... thats quite a sad news!
I was trying to apply but the form is not being accepted on the portal. I needed help with the error message : "Your status expiry date in the answer you provided previously does not correspond to the Restoration in your form. Modify your answers or the value in your form."
So I cannot apply for study permit anymore? Atleast not before 4th of May? (My PGWP expires on 3rd May)
NO!!! You are not supposed to apply for restoration of status. You are supposed to apply for a new study permit.
I don't get why you're trying to apply to restore your status. This is something you do once you NO longer have a valid status.
You are free to apply for a new study permit any time. You could, and should have done this several months ago.
As of now, you will have to leave the country by early May. (unless you want to apply to restore your status to stay as a visitor for up to 6 months)