Rash riding teen hit my father.

Three days ago while my father was taking a right turn on bike in front of my house indicating with hand and indicator after checking for any vehicles. A rash riding guy came really fast and hit my dad ,fortunately his bike hit the front of dads bike and so father had fallen on head and sustained a small injury and the guy had no injury whatsoever. The guy was riding the bike so fast that people in the last corner were also scared he is going to hit someone. Nonetheless both bikes have been shattered, the guy ran from the scene as he got scared by us calling police. Before fleeing he called his owner under whom he worked ,I talked to him but he rudely hung the call. I called the station ,the police told us to keep both bikes in station coz no one was at the station that time. we gave both bikes to station and also the keys, but next morning the other guys bike was not there, we asked police and they told that the bike must be sent to the other jurisdiction police station under which the owners address is, so they sent the bike early in the morning to other station which is 7kms from here . No one knows if the bike is there or not. that morning we gave a complaint to station and they said they'll call the owner, even we know who the owner is ,but even after two days they haven't called anyone. All things apart ,father is saying not to ask compensation as our bike is of other state where we were living and we do not have proper documents of sale. So is there any point in moving forward with case?