Aakhri Baazi is an action drama. The movie revolves around a young man named Ram Kumar (Govinda), who lives a wealthy lifestyle in Calcutta with his brother, Prashant (Shatrughan Sinha), and sister-in-law, Parvati (Moushumi Chatterjee). Ram befriends a young orphan, Laxman (Kunal Goswami), and the two grow up together. Laxman joins the police force, and he is assigned the case to arrest a dreaded criminal Cobra. However, on his mission, Laxman is killed by Cobra and his men. Later Ram vows to avenge Laxman’s death, and sets out to find and kill him. However, things take a complicated turn when Ram realizes that his brother could be Cobra. How will this new information affect Ram? Will he choose his brother over his childhood friend?