Thank you for the reply and sorry for the late response.
I changed the timeout value on line 18 in the GxGDEW042T2.cpp to 20000000 and this is the result that i am getting. Below is a link to the video..
And here is some of the serial Monitor outputs:
setup
setup done
Busy Timeout!
Power On : 20000160
Busy Timeout!
drawBitmap : 20000148
Busy Timeout!
drawBitmap : 20000160
Power Off : 40640
Busy Timeout!
Power On : 20000152
Busy Timeout!
drawCornerTest : 20001016
Power Off : 40668
Busy Timeout!
Power On : 20001092