Hasmukh Mehta a wealthy businessman angrily snatches his wife's expensive necklaces, and tosses it out of the window to prove his point that he is not a miser. On getting hit by the flying necklace, Meena, a neighbour of the Mehta's asks for compensation.
Hasmukh buys her a piece of diamond ear rings that she had lost after being hit by the flying necklace and the rumours of his alleged affair with her begins. What follows is a comedy of errors which results in a nationwide scandal.