System stopped booting with kernel panic

Issue

• System stopped booting with the below mentioned panic messages:

led: No such file or directory
dracut Uarning: LUH vg_sezBvapBl/lv_swap not found
dracut Uarning: Boot has failed. To debug this issue add "rdshell" to the kernel
command line.
dracut Uarning: Signal caught!
dracut Uarning: LUH vg_sezBvapBl/lv_swap not found
dracut Uarning: Boot has failed. To debug this issue add "rdshell" to the kernel
command line.
Kernel panic - not syncing: attempted to kill init!
Pid: 1, comm: init Not tainted 2.6.32-131.B.15.e16.x86_64 #1
Call Trace:
[<ffffffff814dac28>] ? panic+Bx?8/Bx143
[<ffffffff8186c492>] ? do_exit+Bx852/Bx868
[<ffffffff811?4135>] ? fput+Bx25/BX3B
[<ffffffff8186c4f8>] ? do_group_exit+Bx58/Bde
[<ffffffff8186c58?>] ? sys_exit_group+Bx1?/BXZB
[<ffffffff8188b1?2>] ? system_call_fastpath+Bx16/Bx1b