The incident took place on the intervening night of Tuesday-Wednesday when the two along with some of their friends were consuming liquor in Kasa village.
The 35-year-old accused and the victim had a dispute over some issue. The accused then allegedly pulled out a knife and stabbed the victim to death, Kasa police inspector Avinash Mandale said.
The police rushed to the spot after being alerted and sent the body to a government hospital for postmortem.
The accused was arrested on Wednesday and booked under section 103(1) (murder) of the Bharatiya Nyaya Sanhita, the official said. PTI COR GK