@Anagh Bhatt Thanks for reaching out. It looks like the secret token is empty or not passed as per the error that you have shared. Logic app HTTP connector does support Content with application/x-www-form-urlencoded type. I will suggest you to also verify the know issue incase if you are passing any of the unsupported header. Please make sure that you are passing the right credentials in the header. In case if you still observe the issue then please share the screenshot (working and non working) along with what value you are passing so I can assist you further.
For your reference sharing this blog while calls the API using OAUTH token.