Boot from SAN system facing issues in boot process and shows error - 'Kernel Panic - not syncing: Attempted to kill init'

Issue

• The boot from SAN system is facing issues in boot process and shows error - Kernel Panic - not syncing: Attempted to kill init

  No devices found
  Scanning and configuring dmraid supported devices
  Scanning logical volumes
      Reading all physical Volumes. This may take a while...
      No volume groups found
  Activating logical volumes
      Volume group "rootvg" not found
  Trying to resume from /dev/rootvg/swaplv01
  Unable to access resume device (/dev/rootvg/swaplv01)
  Creating root device.
  Mounting root filesystem.
  mount: could not find filesystem '/dev/root'
  Setting up other filesystems.
  Setting up new root fs
  setuproot: moving /dev/ failed: No such file or directory
  no fstab.sys, mounting internal defaults
  setuproot: error mounting /proc: No such file or directory
  setuproot: error mounting /sys: No such file or directory
  Switching to new root and running init.
  unmounting old /dev
  unmounting old /proc
  unmounting old /sys
  switchroot: mount failed: No such file or directory
  Kernel panic - not syncing: Attempted to kill init!