Solved Root Cause
exports inside circular dependency
👆 This phrase gave hint to solve the same issue for me, it seems that newer NodeJS versions no longer allows circular dependencies.
Eg –
There are two files – FileA.js, FileB.js
Where FileA.js has
const FileB = require("FileB");
and FileB.js has
const FileA = require("FileA");
After removing one of these circular dependencies by modifying either FileA.js or FileB.js, it was solved!