Hi Tayyab
if this just one board and you nothing changed, then
this may be bad contact issue (probably due to inaccurate board
handling - bending or drop): one can resolder processor.
Additionally one can check 32.768KHz and 24 MHz clocks and all
power supplies.
Next step may be run OBDS (it can be run with jtag).
It has weimnor example
On-Board Diagnostic Suit for the i.MX53 Quick Start Board
i.MX53 System Development User’s Guide (rev.1, 3/2011)
also describes main points for check
<http://www.freescale.com/files/32bit/doc/user_guide/MX53UG.pdf
Tool for memory test
DDR_STRESS_TESTER_FOR_MX51_MX53
: DDR Stress tester kit for the i.MX51 and i.MX53.
Best regards
chip
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