react native pod install error: EISDIR - Is a directory @ io_fread

Question

I cloned a react native project from git. After yarn install, whenever I run pod install in the ios directory this error shows up. I have not found any resolution to this error. Any help will be highly appreciated.

Error

Errno::EISDIR - Is a directory @ io_fread - /Users/macbookpro/Desktop/Archive/mobile/ios
/Library/Ruby/Gems/2.6.0/gems/xcodeproj-1.21.0/lib/xcodeproj/config.rb:269:in `read'
/Library/Ruby/Gems/2.6.0/gems/xcodeproj-1.21.0/lib/xcodeproj/config.rb:269:in `read'
/Library/Ruby/Gems/2.6.0/gems/xcodeproj-1.21.0/lib/xcodeproj/config.rb:269:in `extract_hash'
/Library/Ruby/Gems/2.6.0/gems/xcodeproj-1.21.0/lib/xcodeproj/config.rb:65:in `initialize'
/Library/Ruby/Gems/2.6.0/gems/xcodeproj-1.21.0/lib/xcodeproj/project/object/build_configuration.rb:241:in `new'
/Library/Ruby/Gems/2.6.0/gems/xcodeproj-1.21.0/lib/xcodeproj/project/object/build_configuration.rb:241:in `config'
/Library/Ruby/Gems/2.6.0/gems/xcodeproj-1.21.0/lib/xcodeproj/project/object/build_configuration.rb:97:in `resolve_build_setting'
/Library/Ruby/Gems/2.6.0/gems/xcodeproj-1.21.0/lib/xcodeproj/project/object/configuration_list.rb:78:in `block in get_setting'
/Library/Ruby/Gems/2.6.0/gems/xcodeproj-1.21.0/lib/xcodeproj/project/object/configuration_list.rb:77:in `each'
/Library/Ruby/Gems/2.6.0/gems/xcodeproj-1.21.0/lib/xcodeproj/project/object/configuration_list.rb:77:in `get_setting'
/Library/Ruby/Gems/2.6.0/gems/xcodeproj-1.21.0/lib/xcodeproj/project/object/native_target.rb:55:in `resolved_build_setting'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer/analyzer/target_inspector.rb:226:in `block in compute_swift_version_from_targets'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer/analyzer/target_inspector.rb:220:in `each'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer/analyzer/target_inspector.rb:220:in `inject'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer/analyzer/target_inspector.rb:220:in `compute_swift_version_from_targets'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer/analyzer/target_inspector.rb:45:in `compute_results'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer/analyzer.rb:1193:in `block (3 levels) in inspect_targets_to_integrate'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer/analyzer.rb:1191:in `each'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer/analyzer.rb:1191:in `block (2 levels) in inspect_targets_to_integrate'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer/analyzer.rb:1189:in `each'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer/analyzer.rb:1189:in `block in inspect_targets_to_integrate'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/user_interface.rb:64:in `section'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer/analyzer.rb:1184:in `inspect_targets_to_integrate'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer/analyzer.rb:106:in `analyze'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer.rb:416:in `analyze'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer.rb:241:in `block in resolve_dependencies'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/user_interface.rb:64:in `section'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer.rb:240:in `resolve_dependencies'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/installer.rb:161:in `install!'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/command/install.rb:52:in `run'
/Library/Ruby/Gems/2.6.0/gems/claide-1.1.0/lib/claide/command.rb:334:in `run'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/lib/cocoapods/command.rb:52:in `run'
/Library/Ruby/Gems/2.6.0/gems/cocoapods-1.11.2/bin/pod:55:in `<top (required)>'
/usr/local/bin/pod:23:in `load'
/usr/local/bin/pod:23:in `<main>'

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[!] Oh no, an error occurred.