AAP, on the other hand, will closely monitor proceedings of the meeting. AAP on Tuesday alleged that the meeting was illegal.
The meeting is likely to be attended by rebels leaders and supporters of the AAP who are unhappy with the current party leadership and also the functioning of the AAP.
Rumours are rife that both Yadav and Bhushan will discuss the formation of a new political party in the meeting and a decision will be taken based on the voting.
Meanwhile, AAP leader Sanjay Singh said: "If any MLA or elected representative of the party attends it (Swaraj Samwad), then we'll decide on further action when PAC and NE members sit next.
Yadav and Bhushan were removed from the PAC and the National Executive last month after allegations against them emerged that they were working against Arvind Kejriwal and that they were trying to disrupt the Delhi assembly elections earlier this year.