The victim has been identified as Nazim Khan, a resident of Prahladpur area, they said.
According to police, Khan had gone to celebrate Holi yesterday at his mother's house in Govindpuri where a neighbour, identified as Chanchal alias Bauna (26), was also among the locals taking part in the revelries.
An argument broke out between Khan and Bauna when the former allegedly smeared some mud-like substance on him, a police official said.
The duo, who were both in an inebriated state, soon got into a scuffle during which Bauna produced a knife and allegedly stabbed Khan several times, the official said. Khan was rushed to a hospital where he was declared dead, the official added.
