After so many days of wait there is no official fix being released for this recurring bug with Windows 11.
But I've found a fix which may be correct but not necessarily good for all of the users. If you want to proceed with this fix, please do have a backup for your necessary files and all other stuffs.
I have been using a laptop which had a Windows 10 (OEM) installed which was later upgraded Windows 11 in which the bug appeared. Then I just had created a Recovery Drive of Windows 10 and with the help of that I've installed my Windows 10 and now everything is working as usual.
There might be some problems, if any of the users are trying to follow the above fix of flashing Windows 10 using a recovery drive, that is bit-locker keys which is required for recovery. For that while you're on the bit-locker encryption page after you boot with Recovery Drive, please note the drive label and according to that find the bit-locker keys associated with that label in Microsoft Account and you're good to go.
Else, if you want a clean Windows 10 install on your system, it is recommended to have backup of your personal files.
And one thing those who're still on Windows 10, I would recommend please don't upgrade your PC/Laptop to Windows 11, because Windows 11 is in its early stage and is not fully stable and Microsoft had given a statement that it would support Windows 10 till 2025, so there's no issue. (It's just a personal preference👌)
Thank You