Deepak, To remove a stripped screw or a Bolt or screw whose head is broken, one could use something marketed as "Grabit". It is available in the US, I am not sure if they ship to India. Here is the link. http://www.4grabit.com/Default.asp?gclid=CPzAzLCH1ZkCFRo-awodRQRJXg&bhcp=1
Check it out, I am sure this is a good solution for you.
-Udai
2007 Ducati Monster 695
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