Getting python setup.py develop did not run successfully. error while running tutor dev launch

I am trying to bind a volume of local repository to the openedx platform. But I cannot able to do that . After running tutor dev launch getting the below error. Can you please suggest a way to resolve this error?
:heavy_check_mark: Container tutor_dev-permissions-1 Started 0.9s
Performing additional setup for bind-mounted edx-platform.

  • pip install -e .
    Obtaining file:///openedx/edx-platform
    Preparing metadata (setup.py) … done
    Requirement already satisfied: setuptools in /openedx/venv/lib/python3.8/site-packages (from Open-edX==0.13) (68.2.2)
    Installing collected packages: Open-edX
    Attempting uninstall: Open-edX
    Found existing installation: Open-edX 0.13
    Uninstalling Open-edX-0.13:
    Successfully uninstalled Open-edX-0.13
    Running setup.py develop for Open-edX
    error: subprocess-exited-with-error

    × python setup.py develop did not run successfully.
    │ exit code: 1
    ╰─> [29 lines of output]
    running develop
    running egg_info
    /openedx/venv/lib/python3.8/site-packages/setuptools/command/develop.py:40: EasyInstallDeprecationWarning: easy_install command is deprecated.
    !!

              ********************************************************************************
              Please avoid running ``setup.py`` and ``easy_install``.
              Instead, use pypa/build, pypa/installer or other
              standards-based tools.
      
              See https://github.com/pypa/setuptools/issues/917 for details.
              ********************************************************************************
      
      !!
        easy_install.initialize_options(self)
      /openedx/venv/lib/python3.8/site-packages/setuptools/_distutils/cmd.py:66: SetuptoolsDeprecationWarning: setup.py install is deprecated.
      !!
      
              ********************************************************************************
              Please avoid running ``setup.py`` directly.
              Instead, use pypa/build, pypa/installer or other
              standards-based tools.
      
              See https://blog.ganssle.io/articles/2021/10/setup-py-deprecated.html for details.
              ********************************************************************************
      
      !!
        self.initialize_options()
      error: Cannot update time stamp of directory 'Open_edX.egg-info'
      [end of output]
    

    note: This error originates from a subprocess, and is likely not a problem with pip.
    Rolling back uninstall of Open-edX
    Moving to /openedx/venv/bin/xmodule_assets
    from /tmp/pip-uninstall-o512ghqb/xmodule_assets
    Moving to /openedx/venv/lib/python3.8/site-packages/Open-edX.egg-link
    from /tmp/pip-uninstall-ikl1896v/Open-edX.egg-link
    error: subprocess-exited-with-error

× python setup.py develop did not run successfully.
│ exit code: 1
╰─> [29 lines of output]
running develop
running egg_info
/openedx/venv/lib/python3.8/site-packages/setuptools/command/develop.py:40: EasyInstallDeprecationWarning: easy_install command is deprecated.
!!

        ********************************************************************************
        Please avoid running ``setup.py`` and ``easy_install``.
        Instead, use pypa/build, pypa/installer or other
        standards-based tools.

        See https://github.com/pypa/setuptools/issues/917 for details.
        ********************************************************************************

!!
  easy_install.initialize_options(self)
/openedx/venv/lib/python3.8/site-packages/setuptools/_distutils/cmd.py:66: SetuptoolsDeprecationWarning: setup.py install is deprecated.
!!

        ********************************************************************************
        Please avoid running ``setup.py`` directly.
        Instead, use pypa/build, pypa/installer or other
        standards-based tools.

        See https://blog.ganssle.io/articles/2021/10/setup-py-deprecated.html for details.
        ********************************************************************************

!!
  self.initialize_options()
error: Cannot update time stamp of directory 'Open_edX.egg-info'
[end of output]

note: This error originates from a subprocess, and is likely not a problem with pip.

[notice] A new release of pip is available: 23.2.1 → 24.2
[notice] To update, run: pip install --upgrade pip
Error: Command failed with status 1: docker compose -f /root/.local/share/tutor/env/local/docker-compose.yml -f /root/.local/share/tutor/env/dev/docker-compose.yml --project-name tutor_dev -f /root/.local/share/tutor/env/local/docker-compose.jobs.yml -f /root/.local/share/tutor/env/dev/docker-compose.jobs.yml run --rm lms-job sh -e -c # The initialization job contains various re-install operations needed to be done

on mounted directories (edx-platform, /mnt/*xblock, /mnt/<edx-ora, search, enterprise>)

1. /mnt/*

Whenever xblocks or other installable packages are mounted, during the image build, they are copied over to container

and installed. This results in egg_info generation for the mounted directories. However, the egg_info is not carried

over to host. When the containers are launched, the host directories without egg_info are mounted on runtime

and disappear from pip list.

2. edx-platform

When a new local copy of edx-platform is bind-mounted, certain build

artifacts from the openedx image’s edx-platform directory are lost.

We regenerate them here.

for mounted_dir in /mnt/; do
if [ -f $mounted_dir/setup.py ] && ! ls $mounted_dir/
.egg-info >/dev/null 2>&1 ; then
echo “Unable to locate egg-info in $mounted_dir”
pip install -e $mounted_dir
fi
done

if [ -f /openedx/edx-platform/bindmount-canary ] ; then
# If this file exists, then edx-platform has not been bind-mounted,
# so no build artifacts need to be regenerated.
echo “Using edx-platform from image (not bind-mount).”
echo “No extra setup is required.”
exit
fi

echo “Performing additional setup for bind-mounted edx-platform.”
set -x # Echo out executed lines

Regenerate Open_edX.egg-info

pip install -e .

Regenerate node_modules

npm clean-install

Regenerate static assets.

openedx-assets build --env=dev

set -x
echo “Done setting up bind-mounted edx-platform.”