Hello @Bravin_Link,
From the reported behavior, I assume that the location where the license is placed is correct, you can check this by typing the following command in the MATLAB cmd window.
winopen(fullfile(mbd_find_s32k3_root,'lic'))
Before trying again to return the license, maybe it will work after a while (if not, please let us know and we will check with the site admin) you can try changing the file extension from license .dat into license .lic or the other way around.

Hope this helps,
Marius