It is depressing no doubt, but ideally nothing in life is worth losing your sleep over. This is what I propose he can do
- Take a loan against property, which he can easily claim upto 3-4 crores, on a monthly payback - Possibly sell off his beach property. Wit that, he suddenly has 5-6 crores to spare - Settle his sons fees in the US, so that is out of the way atleast - Invest some of the cash in fast return schemes - Invest some in PPF/NSCs to secure his future - Pay off the EMI with the RBI bonds that he has.
That should lessen his financial tensions and make him more free where his finances are concerned
