KAROBAAR is the story of a middle class man, Amar (Rishi Kapoor), who has just finished law and lives with his step brother and sister-in-law, who is always complaining about his being a burden on them. The only saving grace in his family is his young niece.

Amar meets Seema (Juhi Chawla), who is Convent-educated, middle class girl, who takes cookery classes. The two fall in love and all seems to be going well till they meet Rajiv (Anil Kapoor), a rich businessman who believes that everything and everybody can be bought at a price.

Rajiv is Amar's schoolmate who helps him secure a modelling job in the advertising company he owns. Rajiv, with the show of his wealth, has always had girls swarming around him. When Rajiv meets Seema, he tries to impress her too, which is rudely rebuffed by her, stating that she is in love with Amar, and as a friend he should respect and accept this fact.

Rajiv, who has never been turned down by a woman, retreats with injured pride, but only to emerge determined to possess Seema. He pursues her and even throws a challenge to Amar that he will one day prove to him that there is no such thing as love and vows to possess Seema one day.

Threatened and angry, Amar and Seema get married, thinking that they will escape from Rajiv's designs, once he hears of it. Rajiv continues his pursuit of Seema and the day comes when fate compels her to approach Rajiv. Rajiv helps Seema, only to learn that it has caused a misunderstanding between the husband and wife, who later separate.

Reportedly inspired by the English hit INDECENT PROPOSAL, KAROBAAR is produced by Gava (Yash Chopra's brother-in-law) and directed by Rakesh Roshan. The film has music by Rajesh Roshan and is shot at the eye-filling locations of Kenya and San Francisco (U.S.A.).