Ingress resource with "Passthrough" annotation does not get applied when using the newer "networking.k8s.io/v1" API

Issue

• When configuring ingress resource with "route.openshift.io/termination" annotation set to "passthrough" via the "networking.k8s.io/v1" version. Corresponding route fails to get created. The issue specifically appears when trying to define "Passthrough" in the object while it works fine for "edge" or "Reencrypt" type.
• The annotation works perfectly when using the older "extensions/v1beta1" API version and the routes get created and remain accessible.
• But the corresponding route object does not get created:

$ oc get ingresses
NAME               CLASS    HOSTS                                                                                      ADDRESS   PORTS     AGE
ingress-secure     <none>   service-secure-test1.internalapps.oc465-hackthon-1109.qe.devcluster.openshift.com                    80        78m

$ oc get route -o wide    
NAME                     HOST/PORT                                                                                             PATH   SERVICES           PORT    TERMINATION            WILDCARD