Irupatham Noottandu movie is about Sagar alias Jacky (Mohanlal) & his accomplice Sekharankutty (Suresh Gopi). Ashwathy (Ambika) who is a reporter for a newsmagazine looking to investigate the connection between politics and crime in Kerala. She is drawn to the life of Sagar alias Jacky who runs a clandestine gold smuggling business for Sekharankutty who is the son of the State Chief Minister.
Jacky is an enigmatic character who stops the smuggling business from growing because of ethical issues with narcotics, and spends his personal time Ashwathy publishes a sensational article connecting Jacky to the Chief Minister, and pushes the uneasy relationship between Sekharankutty and Jacky into an open confrontation. Srinath & Jagathy also play important roles.The movie gives a clear picture of the politics in kerala.