The panel has little time to decide on the future of Walsh, who has categorically said that he won't continue after his contract expires on November 19, if he doesn't have his way in running of the team.
Sports secretary Ajit Sharan said the Ministry wants Walsh to carry on.
"I have constituted a committee under the chairmanship of Ajit Pal Singh, also comprising Ashok Kumar and Zafar Iqbal.
Walsh's sudden resignation last month came as a surprise to many after he guided India to their first Asian Games gold in 16 years. A day later however the the Australian agreed to continue in his role provided his conditions were fulfilled.
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