Hi Naveen,
I don't know if I understand you correctly, but according to the attachment, you have only L2 etherchannel running.
KAR-L3# sh run interface gigabitEthernet 1/0/17
Building configuration...
Current configuration : 152 bytes
!
interface GigabitEthernet1/0/17
description # NIMHANS-WEBCAST #
no switchport
ip address 10.161.11.65 255.255.255.240
speed 100
duplex full
end
Why do you have KAR-L3 gigabitEthernet configured first like L2 etherchannel, then like L3 routed port?
I believe that if you want to make L3 etherchannel you would need to apply no switchport and ip address onto the Port-channel1 interface.
I'm sorry, but I don't know what is really configured on the KAR-L3 switch according to the attachment, can you please make it more clear? Thank you!
Best regards,
Jan