According to BloombergQuint, while putting forth its argument in the top court BIL had said that UltraTech's out-of-court offer ensured that all Binani Cement creditors would be paid in full. UltraTech meanwhile argued that there were no grounds to disqualify them from making the offer. The Competition Commission of India gave its approval to the UltraTech bid two weeks ago, which it previously claimed was the reason why it was not rated as the highest bidder for Binani Cement.