Windows Update Error 0x80024d007

I encountered some machines showing error code 0x8024d007 while trying to update through windows update. Trying to resolve this error I stumbled upon this Microsft document http://support.microsoft.com/kb/956701. But while trying to execute the "regsvr32 wuaueng.dll" the command exited with error code 0x80070005. After some googling and checking stuff I checked the REgistry permisions for the user I found out that the permission settings on the registry key "HKEY_LOCAL_MACHINE\Software\Microsoft\WindowsNT\CurrentVersion\SvcHost" was set on read-only for all local system users and no access was granted to the Domain's system administrator. Adding access to modify the registry key for the domain admin rfesolved the issue.