Takingonfromwhereweleftoff,DedhIshqiyadiscoversyetanotherescapadeofKhalujan(NaseeruddinShah)andBabban(ArshadWarsi),apoeticjourneyunderlinedwithrevenge,dramaanddeception.TheBegum(MadhuriDixit-Nene)ofMahmudabadishostingafestivalofpoetryandmusicinhermansion.Thecountry’sbestpoetsareintown.KhalujanposingastheNawaabofChandpur,isparticipatingasapoetinthefestival.HeisnottheremerelytoshowoffhispoeticwaresbuttoimpressthewidowedBegumwho,asthegrapevinesuggests,isscoutingforahusband-preferablyapoet.Babban(ArshadWarsi)arrivesinMahmudabadtotakeKhalujanbacktotheiroldlifebuthisplanschangethemomenthesetshiseyesonBegum’smaidandconfidant,MuniraaliasMuniya(HumaQureshi),abrashandsexyyoungwoman.Muniyatoohasplansofherown.Sheleavesthepalaceeverynowandtheninadisguisetomeetgangstersindarkalleys.Thepalaceisrifewithintrigue.Theshayariisdroppedfortheguns,daringchasesandhiddenintentions.Intheend,lovetriumphseveniftheplayersofthestorydonot.