Server installations fail to install base system

Server installations with 20121121 images fail to install base with the following error trace.
Occurs with both amd64 and i386 images
1. Start the d-i installer
2. Enter the user details
3. Did not select home encryption
4. Leave the default selections and continue
5. The error occurs during base installation step

The syslog segment=================
Nov 21 11:36:42 partman: No matching physical volumes found
Nov 21 11:36:42 partman: Reading all physical volumes. This may take a while...
Nov 21 11:36:42 partman:
Nov 21 11:36:42 partman: No volume groups found
Nov 21 11:36:42 partman:
Nov 21 11:36:42 partman-lvm:
Nov 21 11:36:42 partman-lvm: No volume groups found
Nov 21 11:36:42 partman-lvm:
Nov 21 11:36:52 kernel: [ 165.951273] Adding 1046524k swap on /dev/vda5. Priority:-1 extents:1 across:1046524k
Nov 21 11:36:52 partman: mke2fs 1.42.5 (29-Jul-2012)
Nov 21 11:36:54 kernel: [ 168.172250] EXT4-fs (vda1): mounted filesystem with ordered data mode. Opts: errors=remount-ro
Nov 21 11:36:54 apt-install: Queueing package e2fsprogs for later installation
Nov 21 11:36:54 main-menu[307]: (process:10594): umount: can't forcibly umount /tmp/tmp.0hlSQ7: Invalid argument
Nov 21 11:36:54 main-menu[307]: (process:10594): umount: can't forcibly umount /tmp/tmp.soRFV9: Invalid argument
Nov 21 11:36:55 main-menu[307]: DEBUG: resolver (libnewt0.52): package doesn't exist (ignored)
Nov 21 11:36:55 main-menu[307]: DEBUG: resolver (ext2-modules): package doesn't exist (ignored)
Nov 21 11:36:55 main-menu[307]: INFO: Menu item 'bootstrap-base' selected
Nov 21 11:36:55 apt-install: Queueing package biosdevname for later installation
Nov 21 11:36:55 debconf-copydb: Cannot open question file /target/var/cache/debconf/config.dat: No such file or directory
Nov 21 11:36:55 debconf-copydb: Cannot open template file /target/var/cache/debconf/templates.dat: No such file or directory
Nov 21 11:36:55 base-installer: chroot: can't execute 'debconf-set-selections': No such file or directory
Nov 21 11:36:55 base-installer: warning: /usr/lib/base-installer.d/20console-setup returned error code 127
Nov 21 11:37:01 debootstrap: chroot: can't execute '/sbin/ldconfig': No such file or directory
Nov 21 11:38:04 base-installer: error: exiting on error base-installer/debootstrap-failed
Nov 21 11:38:07 main-menu[307]: WARNING **: Configuring 'bootstrap-base' failed with error code 1
Nov 21 11:38:07 main-menu[307]: WARNING **: Menu item 'bootstrap-base' failed.