Logs show the following
013-01-28T13:47:23.265-05:00 [09668 info 'Default'] [,0] Unloaded hive mntApi389241279630276999
2013-01-28T13:47:42.515-05:00 [07596 warning 'Default'] [,0] [NFC ] NfcNetTcpRead: bRead: -1
2013-01-28T13:47:42.515-05:00 [07596 warning 'Default'] [,0] [NFC ERROR] NfcNet_Recv: requested 264, recevied only 0 bytes
2013-01-28T13:47:42.515-05:00 [07596 warning 'Default'] [,0] [NFC ERROR] NfcGetMessage: recv failed:
2013-01-28T13:47:42.515-05:00 [07596 warning 'Default'] [,0] [NFC ERROR] NfcFssrvr_IO: failed to receive io reply
2013-01-28T13:47:42.515-05:00 [07596 info 'Default'] [,0] Sysimgbase_DiskLib_Write failed with 'NBD_ERR_NETWORK_CONNECT' (error code:2338)
2013-01-28T13:47:42.515-05:00 [07596 warning 'Default'] [,0] [NFC ERROR] NfcNetTcpWrite: bWritten: -1
2013-01-28T13:47:42.515-05:00 [07596 warning 'Default'] [,0] [NFC ERROR] NfcSendMessage: send failed: NFC_NETWORK_ERROR
2013-01-28T13:47:42.515-05:00 [07596 warning 'Default'] [,0] [NFC ERROR] NfcFssrvr_IO: failed to send io message
2013-01-28T13:47:42.515-05:00 [07596 info 'Default'] [,0] Sysimgbase_DiskLib_Write failed with 'NBD_ERR_NETWORK_CONNECT' (error code:2338)
2013-01-28T13:47:42.515-05:00 [07596 warning 'Default'] [,0] [NFC ERROR] NfcNetTcpWrite: bWritten: -1
2013-01-28T13:47:42.515-05:00 [07596 warning 'Default'] [,0] [NFC ERROR] NfcSendMessage: send failed: NFC_NETWORK_ERROR
2013-01-28T13:47:42.515-05:00 [07596 warning 'Default'] [,0] [NFC ERROR] NfcFssrvr_IO: failed to send io message
2013-01-28T13:47:42.515-05:00 [07596 info 'Default'] [,0] Sysimgbase_DiskLib_Write failed with 'NBD_ERR_NETWORK_CONNECT' (error code:2338)
2013-01-28T13:47:42.515-05:00 [07596 warning 'Default'] [,0] [NFC ERROR] NfcNetTcpWrite: bWritten: -1
How many drives or partitions does the VM have?
Can this be tried with one drive/partition at a time?