Rijesh, BIOS version 0160 and 0159 have the same Management Engine version.
Again, I would recommend you to roll back to BIOS version 0156 and then update the BIOS again.
If you continue having the same behavior, feel free to contact your local support group for assistance on replacing your motherboard: http://www.intel.com/p/en_US/support/contactsupport?group=processor