Ghayal Once Again's plot starts from where it ended in Ghayal. He kills Balwant Rai and surrenders himself. After his release from the jail he starts a new life. He joins as a reporter for an independent newspaper. He also helps the police with some cases. One such case involves Renu who was raped by her boss, Rajguru. Renu kills herself in depression. Ajay takes things in control and proves that Rajguru is guilty. Later Joe D souza, the inspector with whom he used to collaborate dies in an accident. Later it is revealed that Joe was shot and that it was not an accident. Now what will Ajay do to prove this?