Parthasarathy, popularly called Parthan, lives in Krishnapuramvillage. Parthan is constantly clashing with his uncle Falgunan Thampy, who is the Panchayath President. Falgunan is least bothered about the welfare of the people; rather, he is more keen in grabbing the assets of the village temple, which has been locked for many years by the court over a dispute of ownership. Falgunan, also the secretary of temple's ruling committee, believes that the temple belongs to his family, while Parthan and his friends like Sulaiman and Poonkodi argue that the temple belongs to the village. Into this situation comes Falgunan's daughter Sathyabhama, an advocate, who pretends to be in love with Parthan. In fact, her intention is to help her father on the temple dispute in the court. As a result, Parthan, who begins an agitation, is sentenced to one month's imprisonment for contempt of court. After Parthan is released from jail, the film takes an interesting turn. Parthan nearly dies after consuming spurious liquor in Guruvayoor, but miraculously returnsto life. After this near-death experience, Lord Krishna is present to help him in the form of Madhavan, pretending to be his college friend and both start fighting Parthan's uncle. Madhavan helps Parthan to clear all the problems of his life. Sathyabhama realises the innocence of Parthan and her father's wickedness and fell in love with Parthan. Then enters Veerabhadran aka Musafir to steal the Krishan idol from Krishnapuram temple, to disrupt the communal harmony in the village. Parthan fights his plans and with the help of Madhavan, protects the village from disaster. Finally Parthan and Satyabhama are united in marriage.
Parthan Kanda Paralokam has music composed by M. Jayachandran. The lyrics are by renowned poet Kaithapram Damodaran Namboothiri. The film has three songs. The singers are Unni Menon, Jassie Gift, Pradeep, Deepak, and Ganga.
The film could not rise to the expectations and was declared a flop at the box-office. Rediff.com made mostly negative remarks and gave the film a rating of 1.5 stars out of 5. Bharatstudent.com also gave the film a rating of 1.5 out of 5, commenting the film as a disappointment.