Here are few steps to make the vehicle papers in to normalcy
I assume that you have the auction papers and RC with you.
1)After the vehicle work is done and the vehicle become road worthy you can call an insurance company for inspection of the vehicle .
2)Agree upon the IDV and take an insurance on the current RC holders name.
3)Get the pollution certificate
4)Apply to the RTO for transfer along with the insurance ,pollution certificate and Auction papers.
5)Some fines may need to be paid,but the vehicle will have correct papers.
Congrats for the Gypsy