Binny on Sunday claimed that so far 5 MLAs have joined hands and would be floating a new party tomorrow.
Shoaib Iqbal said, Kejriwal lacked vision and his government has failed on all fronts.
"The government in Delhi is being run by outsiders, from Haryana and Delhi", he said.
Shoaib Iqbal said, the common man's woes on water, power and slums remain as they are, and women are yet to be provided security.
Reacting to today's development, Aam Aadmi Party leader Sanjay Singh said, the party is not bothered with such threats.
"Instead of 48 hours, they can give 48 minute ultimatum. This is a conspiracy by both BJP and Congress to topple our government since the time Kejriwal released the list of corrupt leaders", said Sanjay Singh.