The order was passed on a PIL filed by a tribal, Bahiram Motiram, from Nashik district demanding probe into the alleged Rs 6,000 crore scam with regard to tribal schemes.
A bench headed by Justice V M Kanade asked the State Government to come out with a G R on April 1, appointing Gaikwad as the Chairman of the five-member committee to probe the allegations.
The Court also ordered that the enquiry shall commence immediately after the G.R is notified.
All the recommendations would be submitted to the High Court, the judges ruled and kept the PIL pending until then.
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The Court noted that the Chairman of the committee would decide on the procedure for holding the inquiry.
The Court order is considered in legal circles as a heavy blow to Vijaykumar Gavit, the then Minister for Tribal Welfare.
The Government today submitted a draft of G.R which it proposed to notify to appoint the inquiry committee. The bench went through the proposed G.R and approved it.