The deceased identified as Osama, Saad and Hamza were said to be relatives and all were residents of Turkman Gate area of New Delhi.
Police however, claimed that it was a road mishap as the three boys were on a scooty, while the victims family members have alleged that it was a murder.
The incident took place on Saturday night when the trio were returning from a marriage ceremony.
Talking to media, Saad's father alleged that "this was not an accident but a murder. The scooty was being chased by a PCR van, because of which, the boys must have accelerated their vehicle, that resulted in their death."
However, the police denied the allegations and said that no PCR van was chasing the boys.
Soon after the accident, the trio were admitted to a hospital, but later succumbed to their injuries.
The CCTV camera installed near the site was reportedly not functioning. The police are now checking the CCTV camera of Maulana Azad Medical College, which is located near the incident spot, to ascertain the exact cause of the accident.
Delhi Police PRO and Central Delhi district Deputy Commissioner (DCP) Mandeep Singh Randhawa will hold a press briefing at 1:30 p.m. on Sunday in connection with the case.
(Sanjeev Kumar Singh Chauhan can be contacted at sanjeev.c@.in)
( With inputs from IANS )