Ishaan Awasthi is an eight-year-old whose world is filled with wonders that no one else seems to appreciate; colours, fish, dogs and kites are just not important in the world of adults, who are much more interested in things like homework, marks and neatness. And Ishaan just cannot seem to get anything right in class. When he gets into far more trouble than his parents can handle, he is packed off to a boarding school to 'be disciplined'. Things are no different at his new school, and Ishaan has to contend with the added trauma of separation from his family. One day a new art teacher bursts onto the scene, Ram Shankar Nikumbh, who infects the students with joy and optimism. He breaks all the rules of 'how things are done' by asking them to think, dream and imagine, and all the children respond with enthusiasm, all except Ishaan. Nikumbh soon realizes that Ishaan is very unhappy...

Phase Gaye Re Obama is a comedy set against the backdrop of global recession/meltdown that originated in USA. The film traces the journey of OM Shashtri, an American citizen of Indian origin, who loses all his wealth overnight to the global recession & has been asked to vacate his home by the bank unless he pays up $100,000 (mortgaged amount) within 30 days. Seeing no other option Om comes to India to sell a small piece of an ancestral property. But within days of landing in India he is kidnapped by a 'recession-hit' underworld gang those who think that he is still a millionaire. What happens to Om, is he able to save his home, how did the 'poor' gangster cope with their 'poor' catch & what do small town Indian gangsters have to say to President Obama...is largely forms the rest of the story. The film, showcases how global recession/ meltdown impacted...

Guddu and Charlie are identical twins born and raised in the slums of Mumbai. They dream of leaving the squalor behind and moving into a life of prosperity and dignity. Though they look alike, the two are as different as chalk and cheese: one lisps while the other stammers; one is an honest, diligent social worker while the other hedges bets at a racecourse. The brothers want nothing to do with each other, but when Charlie gets mixed up in a deadly get-rich-quick scheme and Guddu realizes that the love of his life has unwittingly put a price on his head, their lives begin to collide. Faced with rogue politicians, drug dealers and crooked cops, they uncover a sinister plot laid out by the 'political-police-underworld' nexus. Their stories finally converge to a point when they realize they only have each other.