Professional photographers Sudhir Mishra and Vinod Chopra open a studio in the prestigious Haji Ali area, and hope to make enough money to keep it running. After a disastrous start, they are given some work by the editor of “Khabardar”, a publication that exposes the scandalous lives of the rich and the famous. They accept it and start working with the editor herself, Shobha Singh. They also decide to enter their name in a contest to win Rs.5000/- and take a number of photographs all over the city. In one of the photographs they see a man with a gun. Upon enlarging it, they find out that the killer is none other than builder Tarneja.
Upon further investigation they find out that he has killed Municipal Commissioner D’Mello and left his body behind some bushes. Before the duo could get to the body, it disappears. Disappointed the hapless duo continue working with Shobha. They locate it and take a number of photographs of the corpse, and wheel it with them with the hopes of exposing Tarneja. Suddenly the body disappears. Later they find out that the body is with Tarneja’s rival builder, Ahuja who had accidentally carries the coffin tied to his car and shift it to his farm house. They provide this information to Shobha, who in turn starts to blackmail Tarneja for a ransom amount. He invites Shobha and her associates to crack a deal and plants a bomb to kill them.
Unfortunately the bomb explodes right in the face of Tarneja and his employees and the trio escape from the scene. Then the duo take the corpse, and wheel it with them, but not before Tarneja, Ahuja, the new Mun. Comm. Srivastava, Shobha and others also get involved – resulting in a comic mix-up with burkha-clad woman.
The climax is set upon a stage dramatization of Mahabharat, which hilariously turns into the ill-fated romance of Salim and Anarkali – with the corpse taking the part of Draupadi and Anarkali, and the vile Duryodan pledging to save Drupadi’s honor at any cost! What will be the fate of the corpse and our hapless heroes must be seen to be believed!