Thanks for your suggestions guys.This is how we t-shooted the isue.
>sk95487 checked with "df -i" that the inodes were utilized with 100% usage for lv_log partition.
>Killed older processes which acquired some space and inodes but that did not resolve the issue.
>Referred sk171686, sk36754 and sk171685 but it did not help.
>Checked multiple directories and in $FWDIR/log/blob directory, we found multiple directories which contained unneccessary blob files which were consuming all the Inodes of the lv_log partition.
>deleted unneccessary blob files listed in the directories in $FWDIR/log/blob
>checked as per sk118294 we can remove the directories present in $FWDIR/log/blob.
>removed the directories which acquire the maximum space in $FWDIR/log/blob and watched the "df -i" on a duplicate SSH session of management server to monitor the usage of Inodes.
>after deleting the unneccessary blob files and reducing the Inodes usage, we ran the filesystem check for hard drive integrity.
Note:-i node range should be 1-4%