Regarding FB/Cyber rule.

We are students of a renowned college.We have opened a FB interest group page .Considering the name of the college as -XxxxYyyyyZzzzz.the page was named XYZ-ABC-DEF.Where XYZ is not the actual registered name of the college but a known abbreviation of it and ABC-DEF is an official student elected body of the college.It was to facilitate queries for newcomers. At no part of the page we have declared ourselves as official or deliberately tried to be devious except for the use the abbreviated name of college which otherwise wont come in related searches. A senior personnel of a college has requested us to restrain our activities which we objected as this a FB page on a public forum . Hence we have a query sir.Cant I open a FB page called Indian Railways lovers forum or Delhi Transport Complaints box etc which does not exist already (especially when I have not in any part of the page said that -We are the official page etc..)just because it includes a name of a registered firm ?Can the firms ask us to delete our page or take legal action against us?