civil case after 7 yrs

You appear before the court on the fixed date and engage a good advocate.  Better negotiate with the bank to settle the dispute.  But in my opinion bank will not accept any compromise in case of fraud resulting in serious financial loss to bank.  There is mistake on your part to approve a fraudlent loan.  You consult with your advocate and conduct the case.  You can do nothing more.

It appears that trial has commenced in the  case . You should attend the court  and  defend the charges.

Thank you for your response 

i had asked the constable who delivered the summons to did the proceeding where happening during this duration, he said NO he had just delivered summons to all the persons involved , during this long term , every one got transfered including GM of the bank and Inspector of the CCS, all those whom i now and those who now that i have no hand in it, case is about car loan worth 2.35 lac,which got delivered on my approval , banker recovered the car also, can you tell me how can i settle with banker as they already recovered the car long back.

Thank you for your response 

i had asked the constable who delivered the summons to did the proceeding where happening during this duration, he said NO he had just delivered summons to all the persons involved , during this long term , every one got transfered including GM of the bank and Inspector of the CCS, all those whom i now and those who now that i have no hand in it, case is about car loan worth 2.35 lac,which got delivered on my approval , banker recovered the car also, can you tell me how can i settle with banker as they already recovered the car long back.

Forget money to wriggle out.

Fight and defend. Your lawyer would advise the best course of action. Fighting a court case against an Institution like Bank is very traumatic for an individual. They lose nothing. The individual is made a wreck.

Proper advice can be given only after going through all the facts of the case, It seems at the face of it that as you were an employee of bank the liability should not be on you for further queries you can contact me I am based in Hyderabad my email hasthana@yahoo.com