The Mumbai bench of NCLT has ordered constitution of a monitoring committee for DHFL until Piramal Group’s resolution plan is implemented. In a written order made public on Sunday, NCLT said 7-member monitoring committee would comprise DHFL administrator, three representatives from CoC, two members from the successful resolution applicant (PCHFL), and an observer cum permanent invitee. While other members will be nominated, NCLT has named former chief commissioner of Income Tax Ashok Kacker as the observer and permanent invitee of the committee.