Raju falls in love with the dancer wife of an archaeologist. The dancer and her husband break up and Raju becomes the dancer's manager. He is charged with theft and goes to prison. When released he travels to a village where the people mistake him for a holy man. To bring rain to the village he fasts with the results inevitable.

Lachchi is married to Kishan, whose only interest is money. On the night of their marriage, he leaves to pursue his business interests. However a ghost has fallen in love with Lachchi and he takes on Kishan's appearance and wins everyone's heart. When the real Kishan finally returns five years later, confusion abounds until finally a wise old shepherd devises the three tests to resolve the paheli that has baffled everyone.

This film is inspired in a real-life heist on March 19, 1987 where a group posing as CBI officers executed an income tax raid on the Opera House branch of Tribhovandas Bhimji Zaveri in Mumbai.