System boot failure with a new kernel

Issue

• System is not booting with the newer kernel after upgrading the kernel
• It stops after showing the below error messages.

Modules  linked in:
Pid:  1, comm:  init Not tainted 2.6.32-358.14.1.el6.x86_64 #1
Call Trace:
<IRQ>  [<ffffffff8l06e307>] ? warn_slowpath_common+0x87/0xc0
[<ffff1lf8106e35a>] ? warn_slowpath_null+0x1a/0x20
[<fffffff8102debc>] ? nnatiue smp send_resc_edule+0x5c/0x6B
[<fffffff8105ae48>] ? scheduler_tick+0x208/0x260
[<fffffff810a7fB0>] ? tick_sched_timer+0x0/0xc0
[<fffffff810812le>] ? update_process_times+0x6e/0x90
[<ffffCff810a7feb>] ? tick_sched_timer+0x6b/0xc0
[<fffffff8109b3ce>] ? __run_hrtimer+0x8e/0x1a0
[<fffffff810_2Bbf>] ? ktime_get_update_offsets+0x4f/0xd0
[<ffff1ff81077021>] ? __do_softirg+0x11f/0x1e0
[<fffffff8109b736>] ? hrtimer_interrupt+0xe6/0x260
[<fffffff8151741b>] ? smp_apic_timer_interrupt+0x6b/0x9b
[<fffffff810Bbb93>] ? apic_timec_interrupt+0x13/0x20
{EOl}  [<fffffff8l5Bd70d>] ? panic+0x14c/0x16f
[<ffffrff815Bd69a>] ? panic+0xd9/0xl6f
[<fffffff81073b02>] ? do_exit+0x862/0x870
[<fffffff81182aB5>] ? fput+0x25/0x30
[<ffff1ff81073b68>] ? do_group_exit+0x58/0xd0
[<fffffff81073bf7>] ? sys_exit_group+0x17/0x20
[<fffffff810Bb072>] ? system_call_fastpath+0x16/0x1b
---[ end trace e8a28f877b7abe27 ]---

• Older kernel is working fine