Hi Guys,
Thanks for your replies.
Vartan A, I don't think its to do with the prefs. On the other hand I can't afford to disable my prefs as there is so much into it. I tried it anyways but in vain.
longrayjohnson, The sample image I have is using the default Lambert shader so there is no shader problem as well.
My guess is it has to do with the polygon itself or the UVs. I couldn't find anything yet but will keep digging.
If anybody finds before me, please do let me know.
Thanks again,
-kart