Delhi Health Minister Satyendar Jain said the committee will probe whether there were procedural lapses on the part of the hospital.
The probe panel, headed by Dr D K Tampe, dean of Maulana Azad Medical College, has been asked to submit an interim report within one week.
"Special panel will investigate whether laid down approval protocols were followed by the hospital. It will also re-examine the documentation and interview process by the authorisation committee of the hospital concerned," said a senior government official.
"The committee is directed to submit an interim report regarding the five cases of organ sale detected so far within one week and a detailed report within a fortnight," said an order issued by the Health and Family Welfare Department.
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In a statement, Indraprastha Apollo Hospitals said, "We are cooperating and providing to them all information required to help them in their investigation. This matter is of grave concern and our teams are extending all support to the police.