Error because of override of owshiddenversion data

Hello all,

I am getting following error in ULS log while updating a PropertyBag value of a listitem in document library. It is being thrown from source -  sharepoint foundation. I am using SharePoint 2010.

Did any one here have experienced this error and know reasons for it?
Can this error fail the saving of property bag value for a list item?

Error
12/02/2014 12:38:08.50CustomProcess.exe (0x21B4)0x183CSharePoint FoundationGeneral8e2mHighError because of override of owshiddenversion data: list name = TestDocLib, item id = 2867

Please note, versioning is not enabled on document library.

Regards,
Indra

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Thanking You,