The movie is adapted from James Hadley Chase's novel The Sucker Punch, a story of passion, crime and betrayal. Most of it was shot in Italy. Shekhar Khosla(Jackie Shroff) is an accounts executive, an alcoholic, and a penniless playboy. He has an on-and-off romance with cabaret dancer Julie (Ritu Shivpuri).

One day his boss talks to him to improve himself and hands him a multi-million rupee client, Veena Sanghvi (Kamal Sidhu) and asks him to maintain and strengthen relationship with this client. Shekhar meets with Veena, seduces her and marries her, while carrying with an affair with her personal secretary, Anu Chauhan (Deepa Sahi, wife of the director Ketan Mehta). When Veena finds out about this affair, she threatens to separate from him. Then Shekhar and Anu plan to kill her. They carry out their plan successfully, with the police concluding that her death was accidental. Shekhar finds out that Anu does not love him. To make matters worse, the police have across evidence linking him to the death of his wife.