update-initramfs hangs on adding network module

[Kaustubh]

update-initramfs hangs when doing a kernel upgrade. After running:

sudo update-initramfs -k all -u -v

I see that update-initramfs hangs at the following line:

Adding module /lib/modules/3.2.0-26-generic/kernel/drivers/net/dsa/mv88e6060.ko

update-initramfs hangs here indefinitely. This is affecting kernel upgrades.

ProblemType: Bug
DistroRelease: Ubuntu 12.04
Package: initramfs-tools 0.99ubuntu13
ProcVersionSignature: Ubuntu 3.2.0-26.41-generic 3.2.19
Uname: Linux 3.2.0-26-generic x86_64
ApportVersion: 2.0.1-0ubuntu11
Architecture: amd64
Date: Fri Jul 27 10:32:21 2012
PackageArchitecture: all
ProcEnviron:
 TERM=xterm
 PATH=(custom, user)
 LANG=en_US.UTF-8
 SHELL=/bin/bash
SourcePackage: initramfs-tools
UpgradeStatus: Upgraded to precise on 2012-07-02 (24 days ago)