Tried to trigger the issue locally by setting ulimit on an node just above what was currently being used and pulled an image.
Could not reproduce the issue. Also from bug description I see the issue happened randomly. I will mark it verified based on comment 1 & 2.
Since the problem described in this bug report should be
resolved in a recent advisory, it has been closed with a
resolution of ERRATA.
For information on the advisory (OpenShift Container Platform 4.7.11 bug fix update), and where to find the updated
files, follow the link below.
If the solution does not work for you, open a new bug report.
https://access.redhat.com/errata/RHBA-2021:1550