Why bootctl command shows "Failed to open /boot/efi/loader/loader.conf": No such file or directory ?

Issue

• Post bootctl execution system fails to open /boot/efi/loader/loader.conf.

    # bootctl 
    System:
       Firmware: n/a (n/a)
    Secure Boot: disabled
     Setup Mode: user
  
     Current Loader:
        Product: n/a
            ESP: n/a
           File: └─n/a
  
      Boot Loader Binaries:
            ESP: /boot/efi     (/dev/disk/by-partuuid/333bdab6-c180-4985-921c-10dd64b575da)
      systemd-boot not installed in ESP.
           File: └─/EFI/BOOT/BOOTX64.EFI
  
      Boot Loader Entries in EFI Variables:
          Title: Red Hat Enterprise Linux
             ID: 0x0003
         Status: active, boot-order
      Partition: /dev/disk/by-partuuid/333bdab6-c180-4985-921c-10dd64b575da
           File: └─/EFI/redhat/shimx64.efi
  
      Default Boot Entry:
       Failed to open "/boot/efi/loader/loader.conf": No such file or directory
       Failed to read boot config from "/boot/efi/loader/loader.conf": No such file or directory
      Failed to load bootspec config from "/boot/efi/loader": No such file or directory