.NET6 Create Thumbnail Image of 8MB Image Error - .net-6.0

Question

I am trying to compress a large image into a thumbnail of 600X600 in .NET 6
My code is
public static string CreateThumbnail(int maxWidth, int maxHeight, string path)
{
byte[] bytes = System.IO.File.ReadAllBytes(path);
using (System.IO.MemoryStream ms = new System.IO.MemoryStream(bytes))
{
Image image = Image.FromStream(ms);
return CreateThumbnail(maxWidth, maxHeight, image, path);
}
}
I am getting error on this line
Image image = Image.FromStream(ms);
error is System.Runtime.InteropServices.ExternalException: 'A generic error occurred in GDI+.'
Image size in 8mb, Code works fine for small images. What is the problem in code or is there any better way to create a thumbnail for large images?
Create thumbnail has this code but I get error before calling this function
private static string CreateThumbnail(int maxWidth, int maxHeight, Image image, string path)
{
//var image = System.Drawing.Image.FromStream( (path);
var ratioX = (double)maxWidth / image.Width;
var ratioY = (double)maxHeight / image.Height;
var ratio = Math.Min(ratioX, ratioY);
var newWidth = (int)(image.Width * ratio);
var newHeight = (int)(image.Height * ratio);
using (var newImage = new Bitmap(newWidth, newHeight))
{
using (Graphics thumbGraph = Graphics.FromImage(newImage))
{
thumbGraph.CompositingQuality = CompositingQuality.Default;
thumbGraph.SmoothingMode = SmoothingMode.Default;
//thumbGraph.InterpolationMode = InterpolationMode.HighQualityBicubic;
thumbGraph.DrawImage(image, 0, 0, newWidth, newHeight);
image.Dispose();
//string fileRelativePath = Path.GetFileName(path);
//newImage.Save(path, newImage.RawFormat);
SaveJpeg(path, newImage, 100);
}
}
return path;
}