The body of Chand Mohammad was found in Bagh Janki Das locality here yesterday, SP (City) Rajesh Kumar Singh said.
A case has been registered against five persons and two of them -- Johnny and Amit -- have been arrested, the officer said.
According to police, the duo confessed to stabbing the youth to death after to a dispute over money.
Meanwhile, security has been tightened in the area and extra police officers have been deployed in view of any possiblity of communal tension in the area.
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