According to informed sources, the meeting was cancelled following pressure from the BJP.
"To save party from further embarrassment, it was decided that the BJP leader should not meet the Delhi CM," a BJP source told IANS.
Already in the line of opposition's fire over the Lalit Modi issue, the ruling BJP was further driven to a corner over remarks of party senior leader L.K. Advani that he did not rule out another "Emergency-like situation" in the country.
Kejriwal was among the first to respond to Advani's interview published in the Indian Express.
"Advani ji is correct in saying that emergency can't be ruled out. Is Delhi their first experiment?" he tweeted in an apparent reference to his ugly power tussle with the Centre.
After Advani's remark, Kejriwal sought a meeting with him. Advani earlier agreed to meet him on Friday evening.