Waqt is the story of a father and a son between whom there is a special bond. Unlike many other father son relationships these two are more like friends; the father being Ishwar Sharawat(Amitabh bachan) and his son Aditya(Akshya kumar) Aditya is in love with Mitali and after some initial problems the two get married to each other. Ishwar hopes that marriage will make Aditya a more responsible man but he is disappointed. One thing leads to another and Ishwar doesn`t have an option but to throw Aditya out of the house.