Hey Yogesh,
the classic "VM went on a break and took your data with it" scenario. A Sev3 alert is Azure’s way of saying, "Mate, your VM’s having a nap, but it might’ve forgotten to save its work."
First, check if your VM’s just having a wobble restart it and see if it wakes up. If it’s properly kaput, check your backups (you 'do' have backups, right?). Azure Backup or snapshots should have your back. If not, it’s time to have a serious chat with your future self about backup policies.
For the database, if you’ve got a recent dump or backup, restore it. If not, you might need to call in the data recovery pros (and maybe a therapist).
To stop this happening again, set up proper monitoring, regular backups, and maybe an auto-recovery plan. Azure’s got your back, but only if you tell it to.
RGDS,
Alex