The convict and the victim were students of B.Tech second year in Dwarahat Engineering College.
The incident occurred on April 19, 2012, when Jagrat, a resident of Saharanpur, attacked Santanu, a resident of Moradabad, with a knife following a verbal duel over monetary issues at college's Annual Day function night.
Santanu later succumbed to his injuries at a hospital.
The court awarded life imprisonment to Jagrat yesterday and also imposed a fine of Rs 50,000 on him.