Hello all, this is an update for my issue.
While trying to debug the THC activation happened that the voltage readings started to get erratic i.e. -39v until it completely failed. At some point identified that the encoder differential input chip was super-hot. I assume it got damaged by some EMI spike. had that chip replaced at a laptop shop, I only tried it again with a new NON HF plasma source, the new plasma is not CNC, only some relay interface used for starting and. THC is working now. so bottom line, in my case the HF plasma was causing too much trouble. Thanks all for your ideas and hope this if useful for someone in the future.
Antonio.