Monitoring operator is unable to reconcile during RHOCP upgrade due to "object is being deleted: deployments.apps <name> already exists" error

Issue

• Monitoring operator is stuck in progressing state due to below error:

    Last Transition Time:  2022-03-25T08:57:52Z
    Message:               Rolling out the stack.
    Reason:                RollOutInProgress
    Status:                True
    Type:                  Progressing
    Last Transition Time:  2022-03-24T23:56:18Z
    Message:               Failed to rollout the stack. Error: updating openshift-state-metrics: reconciling openshift-state-metrics Deployment failed: creating Deployment object failed after update failed: object is being deleted: deployments.apps "openshift-state-metrics" already exists
updating telemeter client: reconciling Telemeter client Deployment failed: creating Deployment object failed after update failed: object is being deleted: deployments.apps "telemeter-client" already exists
updating thanos querier: reconciling Thanos Querier Deployment failed: creating Deployment object failed after update failed: object is being deleted: deployments.apps "thanos-querier" already exists
updating alertmanager: waiting for Alertmanager object changes failed: waiting for Alertmanager openshift-monitoring/main: expected 2 replicas, got 0 updated replicas
updating prometheus-k8s: waiting for Prometheus object changes failed: waiting for Prometheus openshift-monitoring/k8s: expected 2 replicas, got 0 updated replicas
    Reason:   MultipleTasksFailed
    Status:   True
    Type:     Degraded