System does not boot after mkinitrd in SAN Boot from EMC PowerPath

Issue

• System does not boot with the following message after mkinitrd.

Red Hat nash version 5.1.19.6. starting
  Reading all physical volumes.  This may take a while...
  No volume groups found
  Volume group "VolGroup0004" not found
  Volume group "VolGroup01" not found
Unable to access resume device (/dev/VolGroup01/LogVol00)
mount: could not find filesystem '/dev/root'
setuproot: moving /dev failed: No such file or directory
setuproot: error mountint /proc: No such file or directory
setuproot: error mounting /sys: No such file or directory
switchroot: mount failed: No such file or directory
Kernel panic - not syncing: Attempted to kill init!

Kernel alive
Kernel direct mapping tables up to 630000000 @ 10000-2a000