Superintendent of police Rajendra Kumar Bheel said that an FIR has been lodged against Pankaj Singh of Kapasi village.
The deceased has been identified as Sanjiv Singh alias Botal Singh .
Sanjiv Singh was hacked to death over the realisation of Rs 12,000 which the deceased had given to Pankaj Singh as loan.
But when Sanjiv asked Pankaj to return his money, it enraged Pankaj leading to altercation between the two in which Pankaj allegedly killed Sanjiv with an axe.