Sheesh Mahal, 1950
Director: Sohrab Modi
Music:  Vasant Desai
Lyrics:  Behzad Lakhnavi, Shams Lakhnavi, Azeez, Nazim Panipati
Choreography: Surya Kumar, Badri Prasad, Sachin Shanker
Playback: Shamshad Begum, Geeta Dutt, Pushpa Hans, Mohammed Rafi
Cast: Sohrab Modi, Naseem Banu, Pran, Amarnath, Mubarak Nagar, Sultana, Leela Mishra, A Shah, Pushpa Hans, Nigar Sultana

English subtitles provided

The Encyclopedia of Indian Cinema says this about Sheesh Mahal:

Modi’s big-budget commentary on decaying
feudal aristocracy. Old patriarch Jaspal Singh
(Modi) lives in the Sheesh Mahal (Palace of
Mirrors) and believes only in aristocatic
lineage, scorning capitalist enterprise. His
contempt for money makes him an easy victim
for a moneylender and he eventually has to sell
his palace to a labourer turned millionaire,
Durgaprasad (Mubarak) while himself turning
into a worker to survive. The film contrasts
Jaspal Singh’s feudal ambitions for his
daughters, against what he sees as treacherous
bourgeois values, but which are also the only
values that come to his aid in the form of
Durgaprasad.

Wikipedia on Naseem Banu:

Naseem Banu (4 July 1916 – 18 June 2002) was an Indian actress. She was referred to as Naseem and known as "Beauty Queen" and the "first female superstar" of Indian Cinema. Starting her acting career in the mid-1930s she continued to act till mid-1950s. Her first film was Khoon Ka Khoon (Hamlet) (1935) with Sohrab Modi under whose Minerva Movietone banner she acted for several years. Her high-point came with Modi's Pukar (1939) in which she played the role of Empress Nur Jahan. According to composer Naushad she got the sobriquet Pari-Chehra (fairy face) Naseem through the publicity advertisements of her films. She was the mother of actress Saira Banu and mother-in-law to the actor Dilip Kumar. 

She certainly has an interesting-looking face. The Pukar mentioned above is found in this channel here:

https://youtu.be/hRSEddrh7kc 

It also features one of my own personal favorites, Sardar Akhtar.