My question is that if they apply the IPC 406 "recovery of Sridhan" and we providing their assets through proper forum like police station/ and i receiving the visitation right of child through court. How lengthy the trail or arguments goes and what chances of divorce being granted to me since she has gone to court for her jewellery/ asset recovery.
You are mixing up all the subjects together and getting confused.
The divorce case is different and the relief in that case is only divorce on the basis of the pleadings made in it
The relief for return of her stridhan properties is different to that of the divorce
The child custody case is totally different case to above two cases.
You should feel lucky and fortunate that she made the demand for return of her properties only through her lawyer and not through a police complaint.
Your position would have been more embarrassing if she had lodged a complaint under section 406 IPC seeking return of her articles held by you.
She might have been misguided by her lawyers to add even 498a and dowry harassment sections in her complaint to strengthen her complaint.
In that situation it would have been more problematic to you and you would have been forced to face the criminal cases too.
Since you have come to know her intention to not to live with you anymore, why do you want to drag on the other issues unnecessarily;y.
Legally you cannot withhold her properties, you have to return them to her one or the other day so why not you decide about returning it now by informing the court that you are ready and willing to return the same on a date and time as instructed by court or as per mutual convenience at the venue mutually agreed.
This would pave way for lot of other reliefs that are in the pipeline.
Discuss with your advocate and proceed