Why does activating a bond interface throw the error "FATAL: Error inserting bonding" in RHEL6.5?

Issue

• Activating a bond interface throws errors as follows:

# ifconfig bond0 up
bond0: unknown interface: No such device
# ifup bond0
FATAL: Error inserting bonding (/lib/modules/2.6.32-431.el6.x86_64/kernel/drivers/net/bonding/bonding.ko): Unknown symbol in module, or unknown parameter (see dmesg)
./network-functions: line 430: /sys/class/net/bonding_masters: No such file or directory
./network-functions: line 436: /sys/class/net/bond0/bonding/slaves: No such file or directory
./network-functions: line 436: [: too many arguments
FATAL: Error inserting bonding (/lib/modules/2.6.32-431.el6.x86_64/kernel/drivers/net/bonding/bonding.ko): Unknown symbol in module, or unknown parameter (see dmesg)
./network-functions: line 430: /sys/class/net/bonding_masters: No such file or directory
./network-functions: line 436: /sys/class/net/bond0/bonding/slaves: No such file or directory
./network-functions: line 436: [: too many arguments
bonding device bond0 does not seem to be present, delaying initialization.

• VDSM would also not start, due to failure to insert the bonding module.