Uttar Pradesh Chief Minister Akhilesh Yadav on Monday said that he will not form a "new party" and will remain with Samajwadi Party chief Mulayam Singh Yadav."People are saying a new party will be formed. Who is forming this new party? I am not," Akhilesh Yadav said, while addressing the party supporters at SP headquarters. "If Netaji (Mulyama Singh Yadav) had asked me to resign I would have resigned," he said.He also accused people of creating confusion among the senior leadership.The Chief Minister assured that if someone was conspiring against the party or the party chief then he would initiate action against him.In an emotional speech Akhilesh Yadav mentioned how he had fulfilled the promises made by Mulayam Singh, his father, by completing all projects on time.Earlier on Sunday, in a dramatic tit-for-tat events in ruling SP, Akhilesh Yadav had ousted his uncle Shivpal Yadav and three others from the government, while the party brass retaliated by sacking SP General Secretaey Ram Gopal Yadav for six years.