The Congress party is expected to finalise its next Punjab chief minister by Sunday morning, reported news agency ANI, quoting sources, after Captain Amarinder Singh resigned from the post during the day.
All India Congress Committee (AICC) central observers Ajay Maken and Harish Chaudhary are expected to remain in Chandigarh.
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As per reports, former Punjab Congress chief Sunil Jakhar and cabinet minister Sukhjinder Singh Randhawa are the frontrunners to replace Amarinder Singh. Others in the race include Ambika Soni and Vijay Inder Singla.
However, the party will not contest the upcoming Punjab assembly polls under the new CM's leadership, as per the source.
Meanwhile, the Congress Legislative Party (CLP) has unanimously passed a resolution to give party president Sonia Gandhi power to nominate the new CM of Punjab.
Addressing media after the CLP meeting, Punjab Congress in-charge Harish Rawat said the party has sent two resolutions to the high command which were passed in the Congress Legislative Party meeting.
"We had a tradition of requesting Congress president to elect the Chief Minister. Punjab unit of the party kept the tradition and unanimously passed the resolution asking Sonia Gandhi Ji to chose the new Chief Minister," said Rawat.
"We've sent two resolutions to party high command which were passed in Congress Legislative Party meeting today. We're waiting for their (party high command) decision," he added.
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The second resolution passed by the CLP praised Amarinder Singh.
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