The Bill provides significant relief to home buyers by recognizing their status as financial creditors. The voting threshold for key decision has been proposed to be reduced to 66% from earlier threshold of 75 percent, a move that will help speed up the resolution process. Other changes include non-applicability of moratorium period to enforcement of guarantee. Once the Bill is cleared from Rajya Sabha it shall replace the ordinance promulgated by Hon’ble President on June 06, 2018.
