Directed by a Britain-based filmmaker Ahmed Roy, Gulshan Devaiah and Kalki Koechlin portray the roles of husband and wife in the film.
"I am so happy I did this project. I feel like I made genuine and real friends in an industry where friends are hard to come by," Monica said in a statement.
The film is set in a modern day scenario and focuses on issues of moral judgement between what is right and wrong and what happens when everything in one's life appears to be neither black nor white.
The "Dhobi Ghat" actress will also feature in an untitled project with actor Vivaan Shah and another project titled "Fireflies" with actor Rahul Khanna.