Libaas: The film is about married couples of urban India having extramarital relations and adultery. Based on Gulzar's own story "Seema", the film portrays the relationship between a theatre director, Sudhir, who neglects everything but his work and is struggling to establish his theatre group. His wife Seema is also the leading lady in the theatre group but is left alone as Sudhir is involved in his work. Things take a turn when Sudhir's friend TK turns up and woos Seema