To benefit the community: Posting the solution that worked.
There were 'Too Many redirects'- Application was redirecting infinitely. HTTPS redirection should not be handled at application level when running on Azure App Service. Azure App Service terminates all the HTTPS requests at Load Balancer level and further communication from Load Balancer to Instance is over HTTP (inside secure Azure Network ).
We removed redirection from App level and Web app started successfully.
Reference document: Process to bind custom domain to App Service and configure SSL certs.
Custom Domain and SSL Cert
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