Riverbank Developers Homebuyers' Interest Claim Dismissed by NCLT

NCLT Kolkata dismisses homebuyers' application seeking 8% statutory interest on claims against Riverbank Developers under CIRP.
Tribunal rules contractual delay compensation of Rs 12.50/sq ft/month supersedes statutory interest, preventing double counting.
Homebuyers submitted Rs 878 crore claims with only Rs 364 crore admitted, creating 66.67%-34% voting imbalance against them.
RP confirmed valuation reports shared and decrees considered, making additional prayers infructuous in the resolution process.