Regarding Re-payment of loan

Dear Sir, Please help me out in my query. My name is Tarang and I am currently working in Pune. My fiance's father took loan of Rs 2 corers from different sources (Banks, Relatives, Friends, etc) for his factory but unfortunately things are not going well and I doubt he will be able to re-pay his loan as he is already 55. He have another daughter who is already married. He have made my fiance as the proprietor of office and factory and both are on her name. Till now he have following asset:- A house on his name (no loan, nor mortgaged) worth approx Rs 40 Lakhs Factory, office, factory plot and machines worth approx Rs 60 Lakhs. (As I mentioned my fiance is proprietor of the office and factory) Now my question is 1). If in unfortunate event of the death of my father in law does my fiance (his daughter) is entitled or bounded to re pay his loan legally ? 2). What all assets (like house, factory, machines) the creditors are legally entitled to take as a part of recovery ? Please help me out in this. Looking forward for your quick reply.