A list survey discussion board or document library with the specified title already exists error

A few days ago i came up with a strange error while navigating to Site Settings > Title,Logo and Description in a share point site.

The error was :

I did a lot of digging around but was unable to find the relevant issue. The logs were showing errors like "Exception thrown" or "list not found" etc. Then somewhere in the logs i saw this error

"The list "$Resources:core,webpageassetList;" in web "http://mysite/site" was not created"

So it seemed then while enabling the "Wiki Home Page" feature, "Assets Library" was created but somehow lost its context or reference in ContentDB.

So i deleted the current assets library and re-created it. And finally i was able to resolve the navigation issue.