System is not booting with some dracut warnings

Issue

• System is not booting throwing below mentioned errors:

dracut Warning: LUH bugroot/lvsuap not found
dracut Warning: Boot has failed. To debug this issue add "rdshell" to the kernel command line.
dracut Warning: Signal caught!
dracut Warning: LUH bugroot/lvsuap not found

dracut Warning: Boot has failed. To debug this issue add "rdshell" to the kernel command line.

Kernel panic - not syncing: attempted to kill init!

Pid: 1, comm: init Not tainted 2.6.32-35B.11.1.el6.x86_64 #1

Call Trace:
[<ffffffff815Bd4f8>] ? panic+Bxa?/Bxlfif
[<ffffffff81B?3ae2>] ? do_exit+Bx862/8x878
[<ffffffff811829c5>] ? fput+Bx25/8x38
[<ffffffff81B?3b48>] ? do_group_exit+Bx58/BxdB
[<ffffffffB1B?3bd?>] ? sys_exit_group+Bx1?/BXZB
[<ffffffffB1BBbB?2>] ? sgstem_call_fastpath+Bx16/Bxlb