RUC 3.0.3: Uncaught Error: timeout exceeded at reject (requireUniversalModule.js:71)

Getting this error in the browser when I try to load my SSR app. I'm using webpack 4.16.5, RUC 3.0.3 Started getting the error after I upgraded babel to the @babel/ npm scoped packages. After I upgraded the babel packages, I got the Critical dependencies warning (https://github.com/faceyspacey/react-universal-component/issues/139), due to which the pages stopped loading.

I fixed that by removing dynamic imports from the universal component as suggested [here](https://github.com/faceyspacey/react-universal-component/issues/139#issuecomment-417842211). This removed the critical dependencies warning but now I'm getting this error when I try to load my application in the browser:
Uncaught Error: timeout exceeded at reject (requireUniversalModule.js:71)

Could you please help? Thanks!