Karan (Tusshar Kapoor) and Natasha (Anita Hassanandani) are childhood friends. Natasha has always loved Karan, albeit secretly and wanted to marry him. Karan, however, falls for Tanya (Esha Deol), the new admission in college. Meanwhile, Professor Bakshi (Rishi Kapoor), who is rumored to have murdered his wife and hidden her body, is reinstated at the college. When Karan falls for Tanya, a playboy named Yash (Yash Tonk) befriends him and helps his way through Tanya's heart. Yash is Tanya's friend, but loves Natasha who is Karan's friend (so this is a give and take type situation). Karan finds every opportunity to impress Tanya (Kidnaps the sports teacher to get on the basketball team, Yash allows Karan to dance with Tanya at the prom fully knowing that Karan cant dance), but fails every time. Meanwhile Natasha watches silently & sadly, but she is pissed to know that Karan is trying to set her up with Yash. Meanwhile it is shown that a boy enters Bakshi's house to ask for his help and ends up finding something in his basement and is super scared. The next night he is chased around in the college by a masked assassin with a knife and hanged to death. Meanwhile at the final exams, Yash begs Karan to let him cheat, but Bakshi is the class monitor and is watching the 2 intently. He is about to catch Karan passing sheets to Yash, but Tanya takes the blame and flunks out. Karan is ashamed and decides to break into Bakshi's house to switch Tanya's answer sheet, so she can pass easily. Natasha tries to stop Karan, but he adamant. Together Karan, Natasha and Yash along with two other friends, Pat (Vrajesh Hirjee) and Kush, sneak inside Professor Bakshi's house to retrieve the exam papers so Tanya's year won't be a waste. They enter when they see Bakshi leave the house. Tanya comes to try and stop them (Natasha had told her what Karan was about to do). When they find a woman's dead body there, they try to run away in Tanya's car and she is driving. It is raining heavily and their car accidentally hits Professor Bakshi and he falls down the cliff. Fearing arrest, they run away. Tanya is traumatized by these events (She finds a intruder in her car who tries to kill her, but nobody believes her version of the stories), and leaves to start a new life. The friends are scattered. Years later, Tanya, Karan and their group have a reunion at the wedding of one of their friends (Kush with Dolly) in Shimla (the site of their old college). Karan is now engaged to Natasha, but is super happy to see Tanya at the wedding. Meanwhile when Pat arrives he is shaken to the core as he thinks he saw Prog Bakshi at the railway station. As soon as Tanya and Karan get together they start spending time together. Tanya doesn't know that Karan is engaged to Natasha and admits to her that she still has feelings for him. Pat is certain that he saw Bakshi and so the friends go his house and find nothing and nobody there. But they miss a burning cigarette and a half peg of whiskey. However, a killer is lurking somewhere nearby and is waiting to strike. And one by one they start to die: Pat, Dolly and Kush are all killed, while Yash is attacked, but miraculously survives. Eventually, only three are left. When Yash is attacked again, Karan follows who appears to be Professor Bakshi. Karan finds that Bakshi is alive. He wanted to kill Tanya only because she was the one who hit him that night. Bakshi admits to killing his wife and keeping her body in his basement (many yrs ago) as he wanted to be with her forever and she wanted to leave him as she thought Bakshi is mad. Bakshi spent the last 3 yrs hiding from the police, and took this opportunity to eliminate everyone, when they came to attend Kush and Dolly's wedding. He admits to killing Pat and Yash. But not Dolly. Karan finds someone else being attacked while Bakshi is with him. He leaves to find Khush attacked, and Khush says "Tanya" as he holds a piece of red fabric. Karan thinks Tanya is about to kill Natasha. Karan follows a car which has Natasha and Tanya in it to a cliff, and finds Natasha injured. Natasha tells him that Professor Bakshi had brought her and Tanya here. Karan realizes she is lying, as Professor Bakshi was with him, and also realizes the piece of fabric Khush had in his hand came off Natasha's scarf. He asks Natasha why she attacked everyone, and she claims it because she loved him. She begs him to forgive her, but he is speechless. She says that after finding this out, he won't forgive her, so she walks backwards in the snow and falls off the edge, yelling Karan's name. He runs to save her, but is unsuccessful, and her scarf blows into his face. On the first day of college, Karan remembers each of his friends who died, including Natasha. While on the plane back to Delhi, he meets Tanya again, and they decide to be with each other, while they find Yash in the back seat.
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