After this incident, Few weeks ago I went to service center in Kerala (my home town) and gave the bike to them.
They are saying bike have no issues, they drained about 3.2L oil from the engine.
They have no clue about why I lost power and the oil being missing initially.
And warned me never to fill more than 1.5L oil and always drain and refill.
I rode nearly 1000KM after that ,
Now when I start riding everything looks OK, no warning lights, but after 5 KM I can see the oil warning light comes ON.


So there is some issue.


.
I believe this will be resolved if I update the ECU properly from a different service center, which I will do soon.

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