I did enable slub_debug=F and made the computer work for sometime, but I was unable to boot live USB. A power failure trigged the behaviour said in the forum and adding maxcpus=1 in kernel parameter via grub booted the server, but only one core is useable. As said here I am able to enable other cores but that is causing some type of softlockups and hard lockups at random times, since thjs is a server with 32 cores and 128GB RAM running on intel i9 13th GEN.
Without maxcpus=1, the kernel panic happens during the initrd phase something to do with udev loading some modules, but its the same in any live USB, I tried Alma, Void and older kernels, all panics without maxcpus=1
I am unable to boildown to a kernelmodule that is causing this, but one thing is common,
The kmem_cache_alloc fails at 0x360/0x360 in both my server and in live USB on same server with same kernel. I removed SSDs, GPUs all possible things and ran live USB and same panic happens. With maxcpus=1 I am able to boot.
https://ibb.co/MZR0H1c