chronyd service failing with "Fatal error : Could not get user/group ID of chrony"

Issue

• The chronyd.service failing with following error :

Nov 06 19:40:14 rhel_vm systemd[1]: Starting NTP client/server...
Nov 06 19:40:14 rhel_vm chronyd[124002]: chronyd version 3.5 starting (+CMDMON +NTP +REFCLOCK +RTC +PRIVDROP +SCFILTER +SI>
Nov 06 19:40:14 rhel_vm chronyd[124002]: Fatal error : Could not get user/group ID of chrony
Nov 06 19:40:14 rhel_vm chronyd[123998]: Could not get user/group ID of chrony
Nov 06 19:40:14 rhel_vm systemd[1]: chronyd.service: Control process exited, code=exited status=1
Nov 06 19:40:14 rhel_vm systemd[1]: chronyd.service: Failed with result 'exit-code'.
Nov 06 19:40:14 rhel_vm systemd[1]: Failed to start NTP client/server.