Error while creating the iOS IPA for submitting it to the app store review.
Encountered error while creating the IPA:
error: exportArchive: Unable to process request - PLA Update available
error: exportArchive: No signing certificate "iOS Distribution" found
PLA Update available
This gives us the idea that there is a new Program License Agreement available.
This Program License Agreement has to be reviewed and accepted by the Apple developer Account Holder.
After this, my issue is resolved.
Go here Your Apple Developer Account