What would be possible verdict in this case?

His assets will be attached.  If he is to accrue any more assets by inheritance from his father, later those assets will also be attached.  S.60 of CPC allows certain reliefs so that a judgment debtor is not robbed off to the extent of even losing the means of livelihood for sustenance of life.  Barring those reliefs, civil court is empowered to attach whatever is possible under Sun to pay the judgment creditor the loan amount with interest.

Thanks for reply sir .

can he get jail term for not paying amount  he own ?

As you said 

"If he is to accrue any more assets by inheritance from his father, later those assets will also be attached"

In short 

"if he has 12 lakh  in  asseats   and   35 lakhs to pay in total .those 12 lakhs will be taken  from him " ?

And  lender have to take loss of  rest  23 lakhs ? 

 Or  court can make arrangements  , like if he get job after 2 years  , he will need to pay %age of his income towards  debt until he fully pays debt ? That is can money be recovered from future earnings ?

Secondly can court  direct  parents   to give him his legal share in  their property  , so that he can repay debt ?As  parents are more likely give their property to other son , so that it cant be taken by lender