Hyderabad: Teenmar Mallanna, who was earlier jailed for making inappropriate comments against Telangana Chief Minister K Chandrashekar Rao and MLC Kavitha, has been released on court bail. On his release, he announced the formation of a new political party named 'Telangana Nirmana Party' to dethrone the ruling party and make an impact in the forthcoming elections. Mallanna has declared that he will contest from the Medchal constituency in the coming elections. He also criticised that the BRS government erected the statue of Dr BR Ambedkar statue to enter Maharashtra politics but not respecting the sentiments of the people.