Local cabbie Blackie (Ishaan Khattar) stumbles upon this young, mouthy and hot-headed Pooja (Ananya Panday) girl on a fateful night. Goons are involved, and obviously between them, there's this history, and Pooja, the fugitive, seems to be carrying a lot of cash and jewels.

After all these years, why does this 'Aafat' (by Blackie's own admission) fall into his lap and what is the mayhem all about? 'Khaali Peeli' is an eventful ride to redemption, reconnection, and romance, of course!

Back in the day, his Babuji (Anup Soni) was notorious for being an absolute phattu in their native village of Shivpur, when Vijay Chauhan aka Blackie was at the ripe age of 10. But his son, by sheer chance, is born with a mean streak and is also an ardent hustler.

So, perhaps to prove a point to the villagers and themselves, the father-son pair embarks on a journey of crime that, thanks to Chauhan senior's namby-pamby methods, is doomed from the beginning, again.

Cut to 10 years later, Vijay – now earning the moniker Blackie because of his swindling schemes – is on the run and has settled in Mumbai as a local kaali peeli (hence the name, get it?) driver.

But in the current day, the city is fuming with anger as the taxi association calls for a strike for an indefinite period of time until the government meets their demands.

Not Blackie though. He refuses to adhere to the directives and looks at it as a window of opportunity to mint money and extract as much as he can from the needy… talk about being morally bankrupt! In comes the salwar-clad ticking time bomb Pooja, who’s clearly on the run from some dangerous people and has a bag full of money and jewels.

Her safety, he is not worried about but the hefty moolah, he definitely is. The story of ‘Khaali Peeli’ navigates many a dark alley of Kamathipura (Mumbai’s red-light district) and finds itself back to its place of origin – Uttar Pradesh.

What transpires over a period of two days – with a distinct overlap of past and future – is what this dramedy encapsulates.