The kdump (crash) kernel panics with '/etc/clock: cannot open'

Issue

• When initiating a kernel crash dump (vmcore), the kdump kernel goes into panic. The last part of the console messages are given below:

  Creating block device ram9
  Making device-mapper control node
  Scanning logical volumes
    Reading all physical volumes.  This may take a while...
    Found volume group "volgrp01" using metadata type lvm2
  Activating logical volumes
    5 logical volume(s) in volume group "volgrp01" now active
  Kernel panic - not syncing: Attempted to kill init!
  /etc/clock: cannot open
  <0>Rebooting in 20 seconds..