Chatterjee, a former Lok Sabha Speaker, who was expelled by CPI-M in 2008, said the present leadership of the party was there for a long time and should immediately quit.
He said the party had failed to follow veteran Marxist leader Jyoti Basu's advice of always keeping in touch with the people and could not launch a single worthwhile movement on issues affecting the people.
"Jyoti Basu often exhorted party leaders to keep constant touch with the people. But they (CPI-M leadership) became distant from the people and were unable to launch a single (worthwhile) movement on burning issues", Chatterjee told PTI here.
He criticised his former party with which he had a long association, saying whatever movements the party had undertaken so far were "directionless".
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"I ask on what burning topics in India, they had a programme? Only holding meetings among themselves won't do," he felt.
He said one of the reasons behind BJP's sterling performance in the poll was that "the Left has not spoken on the burning issues in the country".
Chatterjee, a front-ranking CPI(M) leader for decades, was expelled from the party in July, 2008 after the trust vote in Parliament over Indo-US nuclear deal.
Chatterjee also accused the party leadership of failing to stand beside partymen in villages. "The party workers face torture and problems in villages but there is no one to stand beside them.