VM provisioning on RHV provider fails with error - Ovirt::Service#parse_error_response error

Issue

• While creating a new VM through cloudforms on RHV provider using a templates , VM creation fails with the following error reported in /var/www/miq/vmdb/log/evm.log

[----] E, [2016-10-13T10:40:46.476386 #25823:7c798c] ERROR -- : Q-task_id([miq_provision_9]) <RHEVM> Ovirt::Service#parse_error_response Return from URL: <https://192.168.1.100/ovirt-engine/api/vms/26a0bef6-bb52-4eb9-91d7-b04b04852f9f/716b6421-679a-467a-9777-834cca52d05f/creation_status> Data:
[----] E, [2016-10-13T10:40:46.497531 #25823:7c798c] ERROR -- : Q-task_id([miq_provision_9]) MIQ(ManageIQ::Providers::Redhat::InfraManager::Provision#provision_error) [[Ovirt::MissingResourceError]: Ovirt::MissingResourceError] encountered during phase [poll_clone_complete]
[----] E, [2016-10-13T10:40:46.497617 #25823:7c798c] ERROR -- : Q-task_id([miq_provision_9]) /opt/rh/cfme-gemset/gems/ovirt-0.12.1/lib/ovirt/service.rb:311:in `parse_error_response'

• At the same time following error is reported on RHEVM /var/log/ovirt-engine/engine.log

2016-10-13 10:40:44,894 ERROR [org.ovirt.engine.api.restapi.util.LinkHelper] (default task-127) [] Can't find relative path for class "org.ovirt.engine.api.resource.TemplateDisksResource", will return null
2016-10-13 10:40:44,894 ERROR [org.ovirt.engine.api.restapi.util.LinkHelper] (default task-127) [] Can't find relative path for class "org.ovirt.engine.api.resource.TemplateDisksResource", will return null