Bharat,
WHen you have an enviroment setup in the way you do you have to make sure your Network is working well between these 4 server, they do a lot of talking to each other before and during backups.
Make sure your network cards, switches, routers are all at the same speed and you have auto negotiation off (if you can) some switches wont allow this setting when a card is set to 1000, anyhow, you can turn on logging by setting VERBOSE = 9 and making a few directories in:
/usr/openv/volmgr/debug
http://seer.support.veritas.com/docs/266619.htm
check it out.
Dont forget to turn off the logging after your done.
JD