System fails to boot with error "insmod: error inserting '/lib/ohci-hcd.ko': -1 Operation not permitted "

Issue

• Multiple system with similar config ( Hardware and software ) fails to boot with below error :

  insmod: error inserting '/lib/ohci-hcd.ko': -1 Operation not permitted 
  insmod: error inserting '/lib/ehci-hcd.ko': -1 Operation not permitted 
  insmod: error inserting '/lib/jbd.ko': -1 Operation not permitted 
  insmod: error inserting '/lib/ext3.ko': -1 Operation not permitted 
  insmod: error inserting '/lib/scsi_mod.ko': -1 Operation not permitted 
  insmod: error inserting '/lib/sd_mod.ko': -1 Operation not permitted 
  insmod: error inserting '/lib/aacraid.ko': -1 Operation not permitted 
  insmod: error inserting '/lib/libata.ko': -1 Operation not permitted 
  insmod: error inserting '/lib/ata_piix.ko': -1 Operation not permitted 
  insmod: error inserting '/lib/dm-mod.ko': -1 Operation not permitted 
  insmod: error inserting '/lib/dm-mirror.ko': -1 Operation not permitted 
  insmod: error inserting '/lib/dm-zero.ko': -1 Operation not permitted 
  insmod: error inserting '/lib/dm-snapshot.ko': -1 Operation not permitted 
  stabilized: open /proc/scsi/scsi: No such file or directory 
  unable to find device-mapper major/minor 
       reading all physical volumes. this may take a while... 
       No volume groups found 
       volume group "VolGroup00" not found 
  mount:could not find filesystem '/dev/root' 
  setuproot: moving /dev failed: no such file or directory 
  setuproot: error mounting /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!