[CentOS] CentOS4.4 - Not booting up

Mon Jan 21 08:30:34 UTC 2008
Balaji <balajisundar at midascomm.com>

Hi,
  I've been using an CentOS4.4 version.
All was well till 2 days back. Suddenly when the PC was booted-up, it
wouldn't  bootup. It gets stuck displaying the following message.

exec of init (/sbin/init) failed !!!: 80
umount /initrd/dev failed: 2
Kernel panic - not syncing: Attempted to kill init!

I entered the rescue mode and attempted
chroot /mnt/sysimage
It spitted an error

"chroot : cannot execute /bin/sh: Accessing a corrupted shared library."

I tried to google-out the problem in vain

Any clues as to whats the problem and the remedy?

TIA,
Balaji