Hi, SOLVED Daiane
To get out of the error
I have replaced the Serial[RS232] Cable with a new serial cable, even then it did not work,
So, I used a USB to SERIAL Cable, and it WORKED.
However, tests showed that both my Serial Cable, and modem card are not working properly.
Note :: All the Drivers are installed.
So, Lesson learnt is that Sometimes we need to check our hardware also.
Hardware that used to work perfectly went wrong and I could not recognize that it went wrong.
Coming to the highlighted lines, after using USB2Serial, I changed the environment variables.
The reason for that error is that, the board is trying to boot from the nfs instead of MMC/SD, However I had to make some change in the settings finally to get the board to boot from.
Thanks to Vladan Jovanovic, and especially Daiane Angolini. Regards :: Krishna Pavan