The five-member committee, headed by green activist Sunita Narain, will examine several allegations including the alleged destruction of mangroves and violation of Environmental and CRZ clearance granted for the port development, a source said.
In view of the "severity of the issues involved in the matter", the Ministry has decided to constitute the committee, the source said.
The panel will make a site visit to conduct inspection.
The committee has been asked to submit its report in three months.
Anthony Gnanamuthu, A Mehrotra, Ramachandran Ramesh and Lalit Kapur are the other members of the panel.