Hello Akhil1,
I hope all is great with you. Thank you for using the NXP communities.
As we know, after power up, wake up from Standby or RSTB assertion, the fail-safe state machine is moving through several states and wait in Init_FS state. In this state, the RSTB pin is released to high level and the MCU must configure FS_I_xxx registers and then perform a good watchdog refresh within 256 ms.
Do you mean that you are not able to perform the first good watchdog refresh?

I hope this information helps.
Regards,
David