Bug with shell command !{cmd} using cmd.exe

Hello,

I just switched from Windows 10 to Windows 11, and found a strange bug 
with Vim in Windows 11.
Steps to reproduce:
1) execute command :!start c:\windows\system32\cmd.exe (or 
:!c:\windows\system32\cmd.exe)
2) in the opened cmd.exe window, cd to a directory that contains a .cmd 
or .bat file, example cd c:\batch\test
3) run a .cmd or .bat file, say test.cmd, you will get 'test.cmd' is not 
recognized as an internal or external command, operable program or batch 
file
4) then in same window, run c:\batch\test\test.cmd and it will work ok

This only happens with a cmd.exe window opened from Vim using !.

Thanks

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