IPC 395 was booked on one share holder A by another share holder B of the same company related to the company owned car.
A has been running that car as he is the share holder of the company for over 15 years, he also has the car service receipts which he has been getting done for years and other documents related to the car. (Hence it looks like a false case) But when the car was bought the company was a firm at that time with A & B being partners and B's name was written in the registration paper as the under taking person.
QUESTIONS:
1) Is this case even maintainable?
2) if so, then why?
3) Is B the true owner of the car or the Firm which is now a company?
4) What does under taking imply legally?
5) Under what act & Section it is written that who is the owner of the assest (car) in such a situation?
