India, March 11 -- A 17-year-old boy was stabbed to death by a friend following a dispute over a Rs.3,000 loan in Sector-14 on Tuesday, police said.

The deceased, originally from Bada Baijpur village in Palwal, lived in Sukhrali, Sector 18, and worked at an automobile showroom in Sector 14. The arrested suspect was identified as Monu, 24, a resident of Sheetala Colony in Sector 5.

Sandeep Turan, public relations officer of Gurugram police, said the dispute stemmed from a loan taken by the victim's friend. "The deceased's friend had borrowed Rs.3,000 from Monu in December last year with the promise to return it within 15 days. However, he failed to return the money even after two months when Monu started putting pressure on him to clear ...