@Srinivas Bhimireddi and @Victor Hugo Lopez Chavez ,
If your server in the East US region It seems on June 19, 2024, Azure has been experiencing an issue affecting the Azure Database for PostgreSQL flexible servers in that region. You may need to wait for the server to come online, or you can contact the support team to get more details about your server and check if it is impacted by this ongoing issue.
If your server is not in East US and still facing the issue, please let us know so we can continue to investigate.
Regards
Geetha