New Delhi, Feb. 11 -- The Delhi government has constituted a Winding-up Committee to implement the decision to dissolve the Delhi Financial Corporation (DFC), with all powers of its Board of Directors and management now vested in the newly formed panel.

According to an official notification, the Committee will be headed by the Administrative Secretary (Finance), with Secretaries from the Departments of Industries, Law, Services and other concerned departments, along with DFC officials, as members.

"The Committee may co-opt or seek assistance of any officer, authority or agency of GNCTD and may invite any person(s) as special invitee(s), as required for the winding-up process," the notification stated.

From the date of notification, all...