Glusterd cannot start with gsyncd error

Issue

glusterd fails with the following errors:

[2017-06-07 02:18:30.078360] E [run.c:190:runner_log] (--> /lib64/libglusterfs.so.0(_gf_log_callingfn+0x186)[0x7f1d5e7e59d6] (--> /lib64/libglusterfs.so.0(runner_log+0xfc)[0x7f1d5e83b0ac] (--> /usr/lib64/glusterfs/3.7.1/xlator/mgmt/glusterd.so(init+0x28e0)[0x7f1d59832f30] (--> /lib64/libglusterfs.so.0(xlator_init+0x47)[0x7f1d5e7e17a7] (--> /lib64/libglusterfs.so.0(glusterfs_graph_init+0x29)[0x7f1d5e8274a9] ))))) 0-glusterd: command failed: /usr/libexec/glusterfs/gsyncd -c /var/lib/glusterd/geo-replication/gsyncd_template.conf --config-set-rx remote-gsyncd /usr/libexec/glusterfs/gsyncd . .
[2017-06-07 02:18:30.078396] E [MSGID: 101019] [xlator.c:428:xlator_init] 0-management: Initialization of volume 'management' failed, review your volfile again
[2017-06-07 02:18:30.078406] E [MSGID: 101066] [graph.c:326:glusterfs_graph_init] 0-management: initializing translator failed
[2017-06-07 02:18:30.078417] E [MSGID: 101176] [graph.c:672:glusterfs_graph_activate] 0-graph: init failed
[2017-06-07 02:18:30.078693] W [glusterfsd.c:1219:cleanup_and_exit] (-->glusterd(glusterfs_volumes_init+0xfd) [0x55ab8258c17d] -->glusterd(glusterfs_process_volfp+0x126) [0x55ab8258c026] -->glusterd(cleanup_and_exit+0x69) [0x55ab8258b609] ) 0-: received signum (0), shutting down