A cabinet note stated that the panel "shall discuss with legal and subject experts the steps to be taken as per the law." The panel has been given a two-month deadline to submit its findings.

The Cabinet Sub-Committee’s report, under the leadership of Mukesh Agnihotri, is not just a warning about the gravity of the state’s debt crisis—it is a roadmap for recovery.

Ultimately, the cabinet has to make a decision." The House panel had recommended a probe by national agencies like CBI, ED and CVC into alleged large-scale irregularities. It had proposed ...