It can happen that an incoming PutObject() request might
have inputs of following form eg:-
- bucketName is 'testbucket'
- objectName is '/'
bucketName exists and was previously created but there
are no other objects in this bucket. In a situation like
this parentDirIsObject() goes into an infinite loop.
Verifying that if '/' is an object fails on both backends
but the resulting `path.Dir('/')` returns `'/'` this causes
the closure to loop onto itself.
Fixes#4940
