Retired judge Kailash Uttamchand Chandiwal will probe the charges and submit its report within six months from the date of the issuance of the Government Resolution.
The SUV with explosives found near industrialist Mukesh Ambani's house in Mumbai had been allegedly stolen from Hiran's possession.
Anil Deshmukh, an NCP leader, said former Mumbai police commissioner Param Bir Singh was leveling false accusations to save his own skin in the Sachin Vaze case.
The Maharashtra Anti-Terrorism Squad is probing the related case of Hiran's death.
The NIA last week arrested suspended Assistant Police Inspector Sachin Waze for his alleged role in parking a Scorpio with gelatin sticks near Ambani's high-rise residence in south Mumbai
Anil Deshmukh added that the National Investigation Agency (NIA) and the state Anti Terrorism Squad (ATS) are probing the case and the state government is cooperating with the NIA.
The NIA has so far seized five vehicles- the Scorpio, an Innova, two Mercedes cars and a Toyota Land Cruiser Prado.
Vaze was sent to NIA custody till March 25, on Sunday. He had on Saturday moved an anticipatory bail application at Thane District and Sessions Court.
Suspended police official Sachin Vaze, arrested in the case on March 13, was attached to the CIU of city police's crime branch.
A Habeas Corpus petition is usually filed to challenge 'illegal' detention or arrest.
Mumbai Police officer Sachin Vaze has more than 6 businesses -- Multibuild Infraprojects Limited, Techlegal Solutions Pvt Ltd, DGNext Multimedia Limited and others, said Somaiya.
In its remand plea, the NIA submitted statements of witnesses to show Waze's involvement in the case.
The Rajya Sabha MP said the Central agencies repeatedly enter Mumbai and demoralise Mumbai Police.
It is not clear if it was the same Innova that was following the explosives-laden Scorpio before the latter was parked near Ambani's residence in south Mumbai on February 25.
Waze was summoned to the NIA office on Saturday to record his statement, in connection with the recovery of explosives from a car parked near Mukesh Ambani's house in Mumbai.