Giving a dateline till Saturday, Mar 6, Maoists said that they would indulge in full-scale offensive against the state if the Home Ministry fails to comply with their demands.
The naxals have also demanded the release of arrested polit bureau members along with Dipak.
The arrest of Venkatesh Reddy alias Telugu Deepak by the West Bengal police was considered as a prize catch as he is believed to be a close aide of Maoist Politburo member Kishanji.
He is in charge of armed operations in Orissa, Bihar and Jharkhand, CID sources said.
Deepak is suspected to be the mastermind of the attack carried out on Feb 15 on Eastern Frontier Rifles (EFR) camp at Silda in Paschim Medinipur district, in which 24 EFR personnel were killed.