Recently  NCLAT faced a situation in State Bank of India v Mr V Ramakrishnan and Ors [Company Appeal (AT) Insolvency no 213 of 2017]  where the State Bank of India had appealed against an order of the National Company Law Tribunal (“NCLT”)  Chennai  which prevented it from invoking the personal guarantee of a promoter of a corporate debtor while the latter had declared bankruptcy under the IBC