He will be produced before the Juvenile Justice Board tomorrow.
The police today also arrested the man who claimed to be the actual driver of the Mercedes at the time of incident but did a volte-face after he got to know that victim Siddharth Sharma was dead.
The driver and the boy's father, who was arrested on Friday, were today produced before a city court and they were granted bail. The driver was arrested for the offence under section 203 (giving false information respecting an offence committed) of the IPC.
The police said that the court refused to grant him bail on the ground that it was a matter of the juvenile justice board (JJB).
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Later, a juvenile welfare officer of the Delhi Police apprehended the boy and he was sent to juvenile justice home for a day. He will be produced before the JJB tomorrow.
The incident took place on April 4 when 32-year-old marketing executive Siddharth Sharma was trying to cross a road near Ludlow Castle School and the speeding Mercedes hit him.
The boy was apprehended the next day and was released on bail as per legal provisions.
"During the later stage of the investigation, the charge of culpable homicide not amounting to murder, which is cognizable and non-bailable in nature, was slapped and today the boy was apprehended under this charge," DCP (North) Madhur Verma said.