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Dhoni, who led India to their maiden title win in 2007 in South Africa, praised the team for maintaining their calm during the adversities in the game.
Ganguly also gave his views on India's chances in the T20 World Cup.
Pandya has been at the receiving end of the fans' anger ever since MI announced that he will captain the five-time champions.
Ganguly said Rohit and Kohli deserved rest so that they come back 'fresh' for the hectic calendar ahead.
Sehwag, Diana Edulji and Aravinda de Silva became the latest inductees into the ICC Cricket Hall of Fame.
The chief selector also revealed that there was a huge clash of ego between former Indian skipper Virat Kohli and ex-BCCI president Sourav Ganguly, which eventually led to the former's ouster as captain.
He played a pivotal role in India's Test cricket resurgence, especially on foreign soil, in the early part of the new millennium.
The replacement of Sourav Ganguly by Roger Binny as the President of BCCI is a huge one not only in terms of the personalities involved but also promises a tectonic change so far as the administration of this organisation is concerned.
Arun Dhumal has become the new IPL chairman, replacing Brijesh Patel.
Ganguly said that he enjoyed his term as BCCI president thoroughly, and cited the accomplishments.