Frequent audio output disconnection while using UR44C with Nuendo 14 running Mac OS Sequioa 15.7.3

Hi,

I have been using Steinberg UR-44C audio interface for few years now. Recently, I upgraded my late 2014 iMac 5K with the new Mac Studio M4 Max running Nuendo 14. I came across an issue which is pretty annoying. The audio playback keeps cutting off in certain time intervals for a duration of 2 seconds. I tried reinstalling the new Yamaha driver and UR Tools package. But it did not solve the issue. Technically the audio interface is not completely getting disconnected. I am not getting any sort of error. Only the audio output is lost for 2 seconds and comes back. This starts happening even when I am playing audio outside DAW. Not quite sure what is the exact reason. Has anyone come across similar issue?