[U-Boot] booting failed ( NAND read from offset 3c0000 failed -74 )

Hi All,
I have used latest U-boot and am using that on DM355, when i boot my board i get this on putty.
[ NAND read from offset 3c0000 failed -74 *** Warning - readenv() failed, using default environment ]
Can anyone help on this up and how to over come it. ? Thank you
boot log of latest u-boot ( 2012.07)
==========================================================================
Booting Catalog Boot Loader BootMode = NAND Starting NAND Copy... Valid magicnum, 0xA1ACED66, found in block 0x00000019. ðåð4ðåðåðåð DONE Jumping to entry point at 0x81080000.
U-Boot 2012.07 (Sep 05 2012 - 15:37:40)
I2C: ready DRAM: 64 MiB WARNING: Caches not enabled NAND: 256 MiB MMC: davinci: 0, davinci: 1 NAND read from offset 3c0000 failed -74 *** Warning - readenv() failed, using default environment
Net: dm9000 Hit any key to stop autoboot: 0 DM355 EVM #
==========================================================================
Previous u-boot ( which boot properly) Booting Catalog Boot Loader BootMode = NAND Starting NAND Copy... Valid magicnum, 0xA1ACED66, found in block 0x00000019. DONE Jumping to entry point at 0x81080000.
U-Boot 2010.06 (Aug 17 2010 - 14:56:30)
Cores: ARM 216 MHz DDR: 133 MHz I2C: ready DRAM: 128 MiB NAND: 128 MiB Bad block table found at page 65472, version 0x01 Bad block table found at page 65408, version 0x01 *** Warning - bad CRC or NAND, using default environment
Net: dm9000 Hit any key to stop autoboot: 0
participants (1)
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Manoj.J