VirtualBox 6..1 VM start error "Failed to create server socket"

I am trying to start a VMS 9.2 VM I have created VirtualBox V6.1 But I get the following problem:

00:00:01.264426 Serial#0: emulating 16550A (IOBase: 03f8 IRQ: 4)
00:00:01.264502 VMSetError: /build/virtualbox-rXilU9/virtualbox-6.1.50-dfsg/src/VBox/Devices/Serial/DrvTCP.cpp(633) int drvTCPConstruct(PPDMDRVINS, PCFGMNODE, uint32_t); rc=VERR_ACCESS_DENIED
00:00:01.264504 VMSetError: DrvTCP#0 failed to create server socket
00:00:01.264529 AssertLogRel /build/virtualbox-rXilU9/virtualbox-6.1.50-dfsg/src/VBox/Devices/Serial/UartCore.cpp(2062) int uartR3Init(PPDMDEVINS, PUARTCORE, PUARTCORECC, UARTTYPE, unsigned int, uint32_t, PFNUARTCOREIRQREQ): <NULL>
00:00:01.264533 Serial#0: Failed to attach to char driver. rc=VERR_ACCESS_DENIED
00:00:01.264536 PDM: Failed to construct 'serial'/0! VERR_ACCESS_DENIED (-38) - Access denied.
00:00:01.280727 NAT: Zone(nm:mbuf_cluster, used:0)
00:00:01.281155 NAT: Zone(nm:mbuf_packet, used:0)
00:00:01.281164 NAT: Zone(nm:mbuf, used:0)
00:00:01.281169 NAT: Zone(nm:mbuf_jumbo_pagesize, used:0)
00:00:01.281629 NAT: Zone(nm:mbuf_jumbo_9k, used:0)
00:00:01.281783 NAT: Zone(nm:mbuf_jumbo_16k, used:0)
00:00:01.281916 NAT: Zone(nm:mbuf_ext_refcnt, used:0)
00:00:01.411899 ERROR [COM]: aRC=NS_ERROR_FAILURE (0x80004005) aIID={872da645-4a9b-1727-bee2-5585105b9eed} aComponent={ConsoleWrap} aText={DrvTCP#0 failed to create server socket (VERR_ACCESS_DENIED)}, preserve=false aResultDetail=-38
00:00:01.412028 Console: Machine state changed to 'PoweredOff'

VMS V9.2 needs to boot from a console session, so the VM I have created has a COM1 port defined to connect to a Terminal via TCP port 1023.

I am running Linux Mint 21.3 64 Bit on a Dell Laptop, with VirtualBox V 6.1 as an installed application.

Any help would be appreciated.