Suge Knight -- M.I.A. from Court ... Arrest Warrants Issued

Suge Knight is a wanted man in California ... TWO warrants have been issued for his arrest -- stemming from a couple of alleged joyrides with a bum license.

Suge was SUPPOSED to be in court Thursday ... regarding two cases -- one from 2011 and one from 2012 -- when cops busted him driving on a suspended license ... of all things.

He was sentenced to 3 years unsupervised probation for one of the incidents. The other was still pending.

But now, a rep for the L.A. County Superior Court tells TMZ ... Suge was a NO-SHOW at a recent court date for both cases.

We're told the judge immediately issued two bench warrants -- one for $5,000 and the other for $30,000 -- which means cops can arrest the music exec on sight.