Hi Vikrant,
Thanks for the screenshots.
Error 80240016 usually means Windows Update is already busy installing another update, or a restart is pending. Please try this:
- Run Settings > System > Troubleshoot > Other troubleshooters > Windows Update > Run.
Open Command Prompt as Administrator, then run:
net stop wuauserv
net stop bits
ren C:\Windows\SoftwareDistribution SoftwareDistribution.old
net start bits
net start wuauserv
Then restart again and check Windows Update and Windows Security > Protection updates.