Akhilesh broke down while addressing a meeting of party legislators, ministers and MPs convened here by Mulayam Singh Yadav at the party headquarters, outside which supporters of rival SP factions exchanged blows prompting police to use force to disperse them.
Amid protests from his supporters, Akhilesh offered to step down as CM if Mulayam so desired.
"Let 'netaji' (Mulayam) install a chief minister who he feels is honest," he said.
At the meeting Akhilesh said all these years he had toiled hard for the welfare of the people.
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"Merey pita, merey guru hain (my father is my guru)" he said.
The Chief Minister said many people were trying to create divisions within his family using various machinations and that he had taught himself how to oppose any wrong doing.
His uncle Shivpal was present at the meeting.
Tension was palpable much before the meeting began with youth supporters of Akhilesh mounting pressure on the leadership in support of the chief minister.
Akhilesh had sacked Shivpal, his uncle and party's state unit chief, along with three other "pro-Amar Singh" ministers from his Cabinet.
Amid talks that Akhilesh could give a miss to the silver
jubilee celebrations of the party, the chief minister said, "Rath be chaley, sthapana diwas be maney (my rath yatra will go on and establishment day of the party will be celebrated)."
Akhilesh will embark on his 'rath yatra' on November 3, two days ahead of the silver jubilee event, which gave rise to speculation that he would skip the big show to express his displeasure over the recent developments in the party.
"People kept criticising me, but I went ahead keeping my promises to them," he said.
An angry Akhilesh targeted Rajya Sabha MP Amar Singh for the current developments saying that he (Amar) had hinted that some "major changes" would take place in October.
The tussle in the party began last month when Mulayam
replaced 43-year-old Akhilesh with his 61-year-old uncle Shivpal to the post of UP party chief, and also expelled several youth leaders seen as close to Akhilesh.
Shivpal's sacking yesterday came a day after a close aide of Akhilesh Yadav, MLC Udayveer Singh was expelled from the Samajwadi Party. Udayveer was sacked a few days after he shot off a stinging letter to Mulayam accusing his second wife of hatching a conspiracy against the Chief Minister.
Udayveer had earlier this week announced that he along with other Akhilesh loyalists would boycott the SP's silver jubilee celebrations in protest protest the expulsion of many of their colleagues by Mulayam and Shivpal.