Awara Paagal Deewana is an action-comedy drama that centres on the legacy of the Indian underworld don, Baba Baldev Prasad (Om Puri), who dies of a heart attack and leaves diamonds worth 200 million dollars, to be equally distributed among his son Vikrant (Rahul Dev), his daughter Preeti (Preeti Jhangiani) and Preeti’s husband Guru Gulab Khatri (Akshay Kumar). To claim the diamonds all the benefactors must be present at the bank. Shortly after Baldev’s death, Vikrant tries to eliminate Guru, so as to get his share of diamonds, while Guru tries to kill Vikrant. On the other hand, Preeti is in love with Dr. Anmol Acharya (Aftab Shivdasani), and wants a divorce from Guru, so as to be with Anmol. Chaos and hilarity ensue following the rat and mouse chase of Vikrant and Guru to kill one another. It is yet to find who wins in the end and claims the diamonds.