Former Union Minister V Kishore Chandra Deo, besides sitting MPs and former Ministers Jairam Ramesh, K H Muniyappa, Vincent Pala and Arun Oraon are members of the panel, Congress general secretary Janardan Dwivedi said.
Five villagers, including two women and a child, were killed during exchange of fire between Special Operation Group (SOG) jawans and Maoists at Malapanga forest in Kandhamal district on July 8.
BJP has already set up a three-member panel of MPs that includes party vice-president Vinay Sahasrabuddhe, national secretaries Jyoti Dhurve and Ramvichar Netam to look into the Kandhamal incident and visit the spot to probe the incident and submit a report to party President Amit Shah.