Akash Wankhede (18) was stabbed to death around midnight yesterday.
Police said that Deepak Tahire, the main accused, called Wankhede to Patkar Compound in Bhandup West to settle an old dispute last night.
After he arrived, Tahire and some others had a heated argument with Wankhede and stabbed him before fleeing the spot.
Police admitted him to hospital, where he was declared dead.
"We launched a manhunt and nabbed Deepak and his accomplices at 6 am today," said a senior police official.
While Deepak and two others were remanded in police custody till August 21 by a local court, the two minor boys were sent to a Juvenile Home. Further probe is on.
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