Bit status shows error for certain components

[Aswin40]

I recently upgraded from bit version 0.0.756 to 0.1.11 on my mac m1.

Prior to the upgrade I was able to do bit status and bit tag without any issues. After the upgrade to the latest version of bit some of the components present in the bit repo shows the following error when running bit status

Tracked component added as a package (either remove the package from the workspace.jsonc (bit uninstall) or remove the component (bit remove))

I tried the following steps

1. Deleting node modules folder and running bit install.
2. Removing the component (bit remove) and re adding it again using bit add. But this results in a new component being created and all the versions of the previous component are removed.