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of <h1>Creditors Can Claim Interest on Overdue LLP Debts at Prime Lending Rate, Even Without Initial Agreement</h1> In the context of winding up a Limited Liability Partnership, creditors can claim interest on overdue debts or sums where no interest was initially agreed upon. This interest can be claimed at a rate not exceeding the prime lending rate set by the Reserve Bank of India. If the debt was due by a specific written agreement, interest can be claimed from the due date. If not specified, interest is claimable from the date a written demand was made, with notice that interest would be claimed from that demand date until payment.
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