The police had, earlier, announced a reward of Rs 1 lakh for the whereabouts of the 1 Above owners.
Jigar and Kripesh were arrested on the information provided by Juhu-based hotelier Vishal Kariya, who was arrested on Wednesday for sheltering the duo and another owner of the pub, Abhijeet Mankar.
The police have recovered a high-end car of accused Mankar, from the Juhu residence of Kariya (42), who was then picked up for questioning.
During the interrogation, the hotelier revealed that he sheltered the trio at his residence.
Kariya had been booked under Section 216 of the Indian Penal Code.
Mankar is still at large. Police said further investigation is on.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)