A senior government official said that the committee consists of secretaries of Urban Development and Sports departments.
"The two-member committee has been asked to submit its report to the Chief Minister by Saturday," the official said.
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The government move came days after it received complaints about the alleged irregularities in DDCA.
Meanwhile, cricketer Gautam Gambhir today met the Chief Minister and is understood to have discussed the issue.
Veteran cricketer Bishan Singh Bedi had recently met Kejriwal over DDCA issues.