[ OK ] Started Setup Virtual Console. [ OK ] Reached target Switch Root. Starting Switch Root... [ !! ] Failed to execute /sbin/init [!!!!!!] Failed to execute fallback shell, freezing.

Dear Sirs,
I have a Red Hat server and it fails with the following error all of a sudden.

[ OK ] Started Setup Virtual Console.
[ OK ] Reached target Switch Root.
Starting Switch Root...
[ !! ] Failed to execute /sbin/init
[!!!!!!] Failed to execute fallback shell, freezing.

Request you all to help.

With Rehgards
Daw