Hello AnweshaPanda,
The mc_pmsm example requires some hardware setup, which can be found on the Application User’s Guide which is mentioned on the example readme under the doc folder.
The user guide does include the hardware setup for the i.MXRT1060-EVK, which includes some jumper settings and placing some resistors on the bottom side of the board. I would start by double checking that all the hardware is setup correctly.
Regards,
Gustavo