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The incident came to light when the 47-year-old car mechanic, Mosin Kadar Rajapkar, approached the Versova police station in western suburbs and lodged a complaint against the actor, an official said.
According to the complaint, Mr Pancholi had given his luxury car for servicing and repairing to Rajapkar in March 2017. Rajapkar gave a bill of Rs. 2.82 lakh against the job done by him, the official said.
The mechanic had been asking the 54-year-old actor to clear the bill, but the latter alleged ignored the demand, he said.
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"On the complaint of the mechanic we have registered a non-cognisable offence against the actor and our probe is underway," he said. The actor was not available for comment on allegations levelled by Rajapkar.
Non-cognisable offence refers to an offence in which the police have no authority to apprehend a person for crime on their own. Under this law, the police require a warrant to arrest an accused and a court's prior approval to begin investigation.