The meeting was attended by Arvind Kejriwal, Kiran Bedi, Prashant Bhushan, Santosh Hegde, Manish Sisodia and Kumar Vishwas, among others.
"There are differences of opinion and we are discussing it. No decision has been arrived yet," Hegde told reporters when he came out during the meeting here.
Erstwhile Team Anna is divided over the issue of taking a political plunge.
Hazare had made it clear yesterday that he does not support the anti-corruption movement taking a political plunge and told Kejriwal that he cannot expect the activist's support for all his candidates.
"I had told Arvind (last month during Jantar Mantar agitation) that if you want to form a party, you go ahead but I will not be part of that," he had said yesterday.
"It is not that if they have 1,000 candidates, I will support all of them. That will not happen," he had said.
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"If they want to launch a party, let them do it. We don't bother. We will not go with them. It is not our way... Many people have told me that they want to fight polls."
Explaining his stand, he had said his appeal was that they should not fight elections.