The incident took place yesterday when SSB jawan Bhupendra opened fire from his rifle killing Sunil (55) and his son Nitin (23) on the spot while injuring five others, they said.
The injured were rushed to a hospital, where their condition was stated to be stable.
According to the FIR, accused Bhupendra's father Naresh had taken Rs 5 lakh from Sunil and was not returning it.
Police is trying to arrest the accused, who is absconding.
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