Adding a new field to a paragraph results in 502 error on opening existing node's edit page which uses that paragraph.

Adding a new field to a paragraph results in "Bad gateway 502 " error on opening existing node's edit page which uses that paragraph.
No error gets recorded in server logs and it returns 200 response in the backend while 502 error on the front end.
Drupal version is 8.3.7
Has any one faced similar issue before?