Dear Owais Shakil,
Thank you for posting in Microsoft Community.
Yes, I have gone through your scenario, and I would like to share some information with you, in order of your scenario, as we have specific dedicated support channel, would you mind to sharing this situation directly to our Outlook for Mac support team? Our relevant support team can further check and they can provide possible information from their side.
Here is official document to contact Outlook for Mac support: Contact support within Outlook for Mac - Microsoft Support
I would really appreciate your precious time and kind cooperation.
Stay safe and healthy.
Have a good day.
Sincerely,
Darpan