Setting aside an order passed by the National Company Law Tribunal (NCLT), New Delhi bench, the National Company Law Appellate Tribunal (NCLAT) ruled that the bank guarantee provided by Canara Bank is held to be covered by the exception provided in provisions of section 14(3)(b) of the Insolvency and Bankruptcy Code (IBC) and the moratorium prescribed under section 14(1) of IBC, 2016 will not apply to the encashment of the bank guarantee.