Bringing UltraTech back in the race for Binani Cement, the National Company Law Tribunal on Wednesday asked the resolution professional and the committee of creditors to consider the revised offer from the country’s largest cement maker.

The decision is important since the Supreme Court had on April 13 been unwilling to interfere in the Insolvency and Bankruptcy Code proceedings, following which Binani Industries withdrew its appeal for an out-of-court settlement for the sale of its subsidiary Binani Cement.

The bench, however, offered Dalmia Bharat-controlled Rajputana Properties a chance to better its offer of Rs 6,930 crore.