System is not allowing to do a late payment after performing a rescheduling

Steps to Reproduce:

1. Create a loan, Disbursement date 10th May 2021, first repayment date - 14th June 2021
2. Perform a on date payment on 14th June
3. Make the repayment of 14th July on 15th July 
4. Perform a rescheduling and move the repayment of 16th August to 31st August
5. Perform a repayment of 31st August on 1st September.

System is throwing the following error message:

error.msg.loanschedule.schedule due date.notvalid