Indra Bahadur Rai has largely contributed for the inception of ‘Tesro Aayam’ (third dimension) of thinking and he has moved to the mode of Leela thought and Leela writing. Looking through the eastern eyes, it represents purely an eastern philosophical contemplation. The word, as derived from Sanskrit language, suggests as such. But, the theory reflects both eastern religious and philosophical ideologies of Hinduism, Buddhism, Jainism, and the western thought, especially the postmodern thought of decentering, nihilism, absurdity and the modes of existentialism. It ignores the modern trend of centering anything as the main meaning, rather focuses on the multiplicity of meaning and perception. In this sense, Leela is a fusion of eastern philosophy and western thought. Leela theory has created a philosophical discourse with the need of further clarification on its practical approach.