Docker run failing with exit code 0xc0370106

Docker run is failing when running a base windows image on windows server 2019 with following error message:

“docker: Error response from daemon: container 83dd60b658ea7b012d2215e69840782f202809fdb4fbbe25f7f41576e22ca047 encountered an error during hcsshim::System::Start: failure in a Windows system call: The virtual machine or container exited unexpectedly. (0xc0370106).”

Image used: Microsoft Artifact Registry
Host OS build version: Version 1809 (OS Build 17763.3772)

Docker version: 20.10.21

Additional Information:
When I try running a nanoserver image, it works fine but servercore image does not work. I have tried images with different tags also like

mcr(dot)microsoft(dot)com/windows/servercore:10.0.17763.1040
mcr(dot)microsoft(dot)com/windows/servercore::ltsc2019

Please let me know if I am missing anything.