The Liberal Party of India was the political organization espousing the values of liberalism in the politics of India under the British Raj. The Liberal Party was formed in the year 1910, and British intellectuals and British officials were often participating members of its committees. The Indian National Congress, which had been established to create a mature political dialogue with the British government, included both the moderates and extremists. Many moderate leaders with liberal ideas left Congress with the rise of the Indian nationalism. When the Montagu report of the year 1918 was made public, there was a split in the Congress over it. The moderates greeted it while the extremists opposed it. This results in a schism in the Congress with moderate leaders forming the 'Indian National Liberal Federation' in the year 1919. The party was founded by Surendra Nath Banarjee, and some among its prominent leaders were Tej Bahadur Sapru, V. S. Srinivasa Sastri and M. R. Jayakar. Tej Bahadur Sapru emerged as the most significant leader among the Liberals. At the time of the agitation against the Simon Commission, he initiated the idea of an all-parties conference in India to prepare an agreed constitutional scheme. This resulted in the 'Nehru Report' which proposed the Constitution and persuaded the new Labour government in Britain to offer India a Round Table Conference.