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



--- In [email protected], Deepak <deepakvdon...@...> wrote:
>
> Thanks Eric! Lets see what works out. At the moment have stuck black
> tape over it.
> 
> Regards,
> 
> Deepak
> 
> On Fri, Apr 3, 2009 at 12:00 PM, Eric <dhan...@...> wrote:
> > Hey Deepak,
> >
> > Take it to a good welder, and ask him to do his thing. He'd weld another rod
> > to the screw, then rotate and remove.
>


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