polkit failing to start with error "systemd[1]: polkit.service start operation timed out. Terminating"

Issue

• polkit is failing to start with below error -

Sep 18 02:57:59 server1 polkitd[4263]: Started polkitd version 0.112
Sep 18 02:58:24 server1 dbus[897]: [system] Failed to activate service 'org.freedesktop.PolicyKit1': timed out
Sep 18 02:59:29 server1 systemd[1]: polkit.service start operation timed out. Terminating.
Sep 18 02:59:29 server1 systemd[1]: Failed to start Authorization Manager.
-- Subject: Unit polkit.service has failed
-- Defined-By: systemd
-- Support: http://lists.freedesktop.org/mailman/listinfo/systemd-devel
-- Support: http://lists.freedesktop.org/mailman/listinfo/systemd-devel
-- Unit polkit.service has failed.