i want to sort albums as per the date i upload images. is that possible to setup album setting so that whenever i upload an image that album comes up first and so on. ?

please guide.

See Options > Gallery for sortorder options

actualy i tried it but somehow what i wanted to do is.

Say if i upload an image in xyz folder having parent ABC.
Is that possible that as i have latest uploaded image in xyz it should come up by auto ?

Upload order would be sorting by id actually. Sorting by date might lead to confused results because if an image was taken 2003 and that is attached internally that would be its date.

Also for latest images of the whole site there is the image_album_statistics plugin.