After hearing learned counsel for the parties, I find merit in the submissions made by learned counsel for the petitioner. It is not disputed that the petitioner is one of the co-owners of the bus, which is in police custody, the release of which has been sought for by the petitioner. It would be of no use to keep the same in police custody for a long period, as the same will be damaged if not used. Hon'ble the Supreme Court in Sunderbhai Ambalal Desai's case (supra) had opined that it is of no use to keep seized vehicles at the police stations for a long period. The Magistrate should pass appropriate order by taking appropriate bond and guarantee as well as security for return of the vehicle. This could be done even pending hearing of applications for return of such vehicles. It was held that in case the vehicle was not claimed by the accused, owner, or the insurance company or by a third person, then such vehicle may be ordered to be auctioned by the court. Firstly, the insurance company should be informed to take possession of the vehicle in case not claimed by the owner and in case even insurance company fails to take the possession, the vehicle may be sold as per directions of the court. However, before handing over possession of such vehicle, appropriate photographs of the said vehicle should be taken and detailed panchnama should be prepared.