Error when trying to create a new collection

Hi All,

 Getting below error when creating a New collection.

Kindly help.

Error Code Below

ConfigMgr Error Object:
instance of SMS_ExtendedStatus
{
CauseInfo = "11";
Description = "Unable to update parent collection due to SQL error.";
ErrorCode = 3242722566;
File = "e:\\nts_sms_fre\\sms\\siteserver\\sdk_provider\\smsprov\\sspcollection.cpp";
Line = 766;
ObjectInfo = "Adobe ;
Operation = "PutInstance";
ParameterInfo = "";
ProviderName = "ExtnProv";
SQLMessage = "[HYT00][0][Microsoft][ODBC SQL Server Driver]Timeout expired";
SQLSeverity = 0;
SQLStatus = 0;
StatusCode = 2147749889;