Hi kalyan1,
Seems the DFAE ask a similar question as you, please try my following method:
Thank you for your interest in the NXP MIMXRT product, I would like to provide service for you.
This issue should be caused by the invalid code is downloaded to the internal flash, which is in fact also the external Winbond QSPI flash, just put in the RT1064 internal chip. Then the debugger will be influenced, it is know issue.
Normally, when meet this issue, customer can enter the serial download mode, and erase all the flash to recover it.
Now, follow me to do it, you can use the MCUBootUtility to finish it.
https://github.com/JayHeng/NXP-MCUBootUtility/archive/v2.4.0.zip
the related user manual is:
https://github.com/JayHeng/NXP-MCUBootUtility
Then enter the serial downoad mode:SW7:1-OFF,2-OFF,3-OFF,4-ON, power off and power on the board again.
Use the MCUBootUtility to connect your board through the COM, you also can use the USB but you need to connect another USB cable to J9.
After you connect the to the ROM, then you can select the Boot Device Memory, fill the Start address as the MIMXRT1064 flash memory address 0x70000000, length, you can fill 0x10000.
Then click the erase.

After you erase the memory, change the boot mode to internal boot again:SW7:1-OFF,2-OFF,3-ON,4-OFF, power off and power on the board again.
Now, you should can use the MCUXpresso Debug your board again.
You can try it on your side.
If you still have questions about it, please kindly let me know.
Best Regards,
Kerry