"Ramesh Chander, a businessman, asks his son Deepak, a musician, if he would marry his childhood friend Asha, but Deepak keeps declining this idea. Deepak falls in love with one of his fans named Jyot, a dancer, and he informs his parents by telegram that he has chosen a girl. Deepak promises to pay off the debts owed by Jyoti's father. But when Deepak reaches his home in Bombay, he finds that Ramesh has committed suicide due to bankruptcy. Ramesh expresses his last wish that his second wife and her daughter be taken care of. Deepak is delayed in Bombay and is unable to return to Kashmir.

In Kashmir, the Jyot's creditor asks Jyoti's father for money and Jyoti expresses her inability to pay, so the creditor warns Jyoti's father. When Deepak does arrive at Jotyi's house, her father lies that he has married her off to the creditor. Deepak is heartbroken and returns home.

Seth Badri Prasad, a rich man and childhood friend of Ramesh, bails Deepak out from bankruptcy, gets Ramesh's creditors to not to file suit against Deepak and auction the bunglow that he would buy. Deepak feels indebted to Prasad. Badri Prasad had been forcing his friend Ramesh Chander to ask Deepak to marry Asha, daughter of Badri Prasad.