Hi Vijay, You seem to be a sensible person man. I agree with you that MF Hussain shall be punished hard for doing insult of Hindu Gods.
For your information, Quran tells us to not to insult or even say anything bad of other gods. And drawing pictures is forbidden in Islam and Prophet Nabi SAW says that 'A Muslim is not a Muslim if he is doing such things what Islam forbids'.
Our Indian Constitution must punish M F Hussain for his act against Hindu Gods.