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TPS1663: TPS1663 not starting up

Part Number: TPS1663

DW35_efuse.png


We are using TPS16630RGER efuse in one of the circuits which sources power to other secondaries. Attached is the snapshot from schematics. The load connected to it is secondaries (DC:DC converts, MCU LDOs, comparators, etc) and an active constant current sink which in total draws 3Amps from the efuse. During the power up, I heard the monitored voltage rail trying to rise up but eventually fail and then repeat the cycle. 
Changes I did for debugging: 
  1. Disabled slow ramp up: Removed C312
  2. Added a startup delay: Changed R320 to 132kR, added another 132kR in series to COM. Added a 2.2uF cap from nSHDN to COM. 
The issue: The device is entering thermal regulation and still not starting up. 
Yellow is Vin
Blue is Vout
Magenta is Iout




Vout goes flat for 1.25sec and later the device enters shutdown mode. 
Do you have any suggestions here, or could the thermal regulation be a bottleneck?