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Facing a revolt within his own party ranks, Maharashtra Chief Minister Uddhav Thackeray resigned on Wednesday, bringing to an end a tumultuous two-and-a-half year tenure. The development comes amid a rebellion by Sena leader Eknath Shinde and a section of MLAs, which has put a question mark on the stability of the MVA government in Maharashtra. "I do not have any regret in leaving the post of Chief Minister," Uddhav Thackeray said in his published address after the Supreme Court rejected Shiv Sena's plea to defer the floor test on Thursday.

An emotional Uddhav not only announced quitting the CM post but has also said he will resign as a member of Vidhan Parishad.

Last week, in his address over Facebook, Thackeray said he was willing to step down as CM if the rebel MLAs come to Mumbai and make such a demand. Thackeray had also indicated his willingness to quit as party chief if there was a demand by the party workers.