Thanks everyone. Finally it stopped. I managed to start without any issue. But I can see some warning messages. Just for curiosity what are these refring to ?
2010-09-11-16.35.44.757931+060 E88189A387 LEVEL: Warning (OS)
PID : 3350664 TID : 1 PROC : db2sysc 4
INSTANCE: db2test1 NODE : 004
FUNCTION: DB2 UDB, oper system services, sqloqualifydir, probe:30
CALLED : OS, -, unspecified_system_function
OSERR : ENOENT (2) "No such file or directory"
DATA #1 : File name, 0 bytes