Interest on overdue debts recoverable at prime lending rate from due date or from written demand until payment. Where no contractual interest is reserved, a creditor may prove for interest not exceeding the prime lending rate fixed by the central bank up to the ... Summary
Interest on overdue debts recoverable at prime lending rate from due date or from written demand until payment.
Where no contractual interest is reserved, a creditor may prove for interest not exceeding the prime lending rate fixed by the central bank up to the relevant date, from the time the debt became payable if payable by a written instrument, or from the date a written demand stating interest will be claimed if payable otherwise, until payment.
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