SharePoint Products Configuration Failed: Unable to create a Service Connection Point in the current Active Directory domain. Verify that the SharePoint container exists in the current domain and that you have rights to write to it.

Problem:
After applying a service pack, Ran SharePoint Products Configuration Wizard. It failed with this error message: "An exception of type microsoft.sharepoint.postsetupconfiguration.postsetupconfigurationtaskexception was thrown. additional exception information: Failed to upgrade SharePoint Products."

Tried Running the PSconfig upgrade using command line, but that too failed:
psconfig -cmd upgrade -inplace b2b -wait

On scanning the log file it generated, found this error message:
Unable to create a Service Connection Point in the current Active Directory domain. Verify that the SharePoint container exists in the current domain and that you have rights to write to it.

Solution:
Although, creating a service connection point container will resolve the problem, that require me to have Active Directory administrator rights! which is not possible In my case and we don't want to track SharePoint installations as of now!

So, What's the solution? Run this command line: 
psconfig -cmd upgrade -inplace v2v -passphrase "Type your Farm Pass Phrase" -wait
This time, upgrade completed successfully!