"Akhilesh had promised to hand over the party to 'netaji' (Mulayam). He should now do so and we all will strengthen the SP. I had also given him three months' time. Otherwise, I will constitute a new secular front," Shivpal told reporters here.
Shivpal had recently said he would soon launch a campaign to unite "samajwadis" (socialists) to bring them on a single platform.
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The Samajwadi party contested the polls under Akhilesh's leadership but suffered a humiliating defeat at the hands of the BJP.
After filing his nomination for the state polls in January, Shivpal had said he would form a new party after the election results are declared.
But, subsequently he had said there was no such move.