Greetings,
I am new to NXP platform and trying to flash LED blink example on MPC5748G-DEVKIT. I followed following steps. I see this error.
Error in services launch sequence
PEmicro GDB Launch Failure : The GDB Server was not able to establish a connection to the target processor. Please check your connections and power. Verify that the launch settings in the Debug Configuration are accurate.
Debugging settings look like:

Kindly help me to resolve this issue. Also if anyone can provide any debugging steps to make sure the board I purchased is in good shape would be a great help.
Thanks and regards,
Himateja Katrenikona