Hi Daniel,
That was the issue, I removed the EHP6 components and it worked fine. We were trying to upgrade the NW7.4 components for EHP7 from SP04 to SP05 but SAP came back and said that its supposed to be at SP04.
Well, the reply came a bit late after we had upgraded the SP to 05 and we ended restoring the system to SP04.
Thanks,
Asad.