Hi @PVK Kapardhi,
As said in this thread which is similar to yours: [BUG] Get-PnPSiteFileVersionBatchDeleteJobStatus as Function App Managed Identity -- Cannot Call this API w/ App Only principal, some cmdlets are not able to be called from app only access. You can report this issue to the dedicated PnP PowerShell forum here: https://github.com/pnp/powershell/issues or raise a ticket with Microsoft to let them help you check form the backend.
Thanks.
If the answer is helpful, please click "Accept Answer" and kindly upvote it. If you have extra questions about this answer, please click "Comment".
Note: Please follow the steps in our documentation to enable e-mail notifications if you want to receive the related email notification for this thread.