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Chaalis Chauraasi is like a rollercoaster ride in an amusement park, except that it takes place in a police van.
The story revolves around 4 cops Pankaj Suri aka SIR (Naseeruddin Shah), Albert Pinto aka PINTO (KK Menon), Balvinder Singh aka BOBBY (Atul Kulkarni) and Shakti Chinappa aka SHAKTI (Ravi Kishan) who see an opportunity to a great future when they are given a mission to pull off. Things take a twist when another cop stops their van en-route and takes them as his backup to catch a dangerous gangster.
The story unfolds through the night where the fine line between law and outlaw is repeatedly crossed, leading to hilariously unexpected situations. The 4 macho men encounter situations where they are forced to see themselves in a different light.