TPT : Infrastructure Setup Errors

Hi All,
I am trying to run a TPT script and facing the following series of errors :

TPT_INFRA: TPT01155: Error: Infrastructure setup for the Parallel Task Manager failed
TPT_INFRA: TPT02057: Error: PTM status 10: IPC initialization problem; Check Teradata Parallel Transporter file config.ini
TPT Return Code: 12
Tbuild errors: TPT_INFRA: TPT01008: Error: Failed to Initialize necessary IPC resources to run this job
TPT_INFRA: TPT01006: Error: Failed to setup Parallel Task Manager Infrastructure to run this job
TPT_INFRA: TPT02429: Error: PX_Node::Bind() [Node spdma544] - Failed with status 10

I am new to TPT and not able to understand why this error is showing up on script execution.

Appreciate any inputs in this regard.

Let me know if more inputs are required here.