Shailesh Dara, Shailendra Dadvi and Ankush Patil were arrested and the court remanded them in police custody till Oct 3 yesterday, police said.
They had allegedly accepted 'supari' to kill Mahesh Manwani, the victim, for Rs 1,20,000.
The deceased rented out auto rickshaw, and also lent money.
His hacked body was found near Dakshta Nagar police complex on Friday. Further probe is on.
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