Interest on overdue LLP debts may be claimed at up to the prime lending rate from when the debt became payable.

Creditors may prove for interest on debts overdue at the date of the winding up order or resolution where no interest was reserved; if payable by written instrument at a certain time, interest runs from when the debt became payable, and if payable otherwise, from the date of a written demand notifying that interest will be claimed; recoverable interest is limited to a rate not exceeding the prime lending rate fixed by the Reserve Bank of India up to that date, accruing until payment.

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