Cpu panic caller 2 issue on macbook 9,2

I ran into some issue in my macbook pro 2012 so tried to recover it from internet recovery successfullly downloaded os x but while trying to install it I'm constantly getting this error I also tried to install catalina from Bootable drive but after selecting reinstall mac os the continue buts greys out and nothing happens its stuck there can't do anything now i can't eneter in my system and not able to install new os

Error log

panic (cpu 2 caller Oxffffff80007bcae5): "Process 1 exec of /sbin/launchd failed, errno 2"0/SourceCache/xnu/xnu-2782.40.9/bsd/kern/kern_exec.c:4033 Debugger called: <panic)

Backtrace (CPU 2), Frame: Return Address

VM Swap Subsystem is ON

Oxffffff8108f93df8: 0xffffff800032ad21 Bxffffff8108f93e78: 0xffffff80087bcae5 Oxffffff8108f93ef8: 0xffffff8000796b82 8xffffff8188f93f18: 0xffffff80007d9811 8xffffff8108f93f50 : 0xffffff8000327256 Oxffffff8108f93f88: 0xffffff800041756e Oxffffff8188f93fa8: 0xffffff8000433c6f

BSD process name corresponding to current thread: init

Boot args: -x

Mac OS version:

Not yet set

Kernel version:

Darwin Kernel Version 14.5.0: Wed Jul 29 02:26:53 PDT 2015; root:xnu-2782.40.9-1/RELEASE_X86_64 Kernel UUID: 58F06365-45C7-3CA7-B88D-173AFD1A03C4

HIB text base: 0xffffff88801088808

System model name: MacBookPro9,2 (Mac-6F01561E16C75D06)

System uptime in nanoseconds: 2889848365