:Just as reference, and following Paride's suggestion: there was a bug
which looks terribly similar to the one I am posting here.

The summary is familiar:

HP Proliant Servers - Kernel Panic - NMI - DL360 & DL380 - HPWDT module
loaded

https://bugs.launchpad.net/ubuntu/+source/linux/+bug/1432837


I think eventually the whatchdog was (back then) eventually blacklisted.

In the current case (22.04) the OS does not initiate the reboot sequence
and after the kernel logs the panic NMI event, the system simply does
nothing. In fact, if it was not for iLO I would have not noticed the
issue

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https://bugs.launchpad.net/bugs/2012366

Title:
  NMI: IOCK error on HP MicroServer Gen8 after Focal -> Jammy upgrade

Status in linux package in Ubuntu:
  Confirmed

Bug description:
  After distro upgrade to new LTS "22" from 20 the HP microserver shows
  a critical NMI event in ILO

  Unrecoverable System Error (NMI) has occurred.  System Firmware will
  log additional details in a separate IML entry if possible

  no hp modules are loaded except hpilo:

  lsmod |grep hp
  hpilo                  24576  0

  Despite the server is flashing "red" the System is functional. A few
  minutes after boot the kernel shows 4-5 of these kernel panics (see
  full log) but continue to run ok, the NMI flag in ILO appears
  simultaneously to this kernel error. this issue was not present before
  the distro-upgrade.

  [  739.516183] NMI: IOCK error (debug interrupt?) for reason 61 on CPU 0.
  [  739.516190] CPU: 0 PID: 0 Comm: swapper/0 Not tainted 5.15.0-67-generic 
#74-Ubuntu
  [  739.516194] Hardware name: HP ProLiant MicroServer Gen8, BIOS J06 
04/04/2019
  [  739.516196] RIP: 0010:mwait_idle_with_hints.constprop.0+0x4f/0xa0

  ProblemType: Bug
  DistroRelease: Ubuntu 22.04
  Package: linux-image-5.15.0-67-generic 5.15.0-67.74
  ProcVersionSignature: Ubuntu 5.15.0-67.74-generic 5.15.85
  Uname: Linux 5.15.0-67-generic x86_64
  AlsaDevices:
   total 0
   crw-rw---- 1 root audio 116,  1 Mar 20 23:54 seq
   crw-rw---- 1 root audio 116, 33 Mar 20 23:54 timer
  AplayDevices: Error: [Errno 2] No such file or directory: 'aplay'
  ApportVersion: 2.20.11-0ubuntu82.3
  Architecture: amd64
  ArecordDevices: Error: [Errno 2] No such file or directory: 'arecord'
  AudioDevicesInUse: Error: command ['fuser', '-v', '/dev/snd/seq', 
'/dev/snd/timer'] failed with exit code 1:
  CasperMD5CheckResult: pass
  Date: Tue Mar 21 09:20:20 2023
  InstallationDate: Installed on 2022-02-16 (397 days ago)
  InstallationMedia: Ubuntu-Server 20.04.3 LTS "Focal Fossa" - Release amd64 
(20210824)
  IwConfig: Error: [Errno 2] No such file or directory: 'iwconfig'
  MachineType: HP ProLiant MicroServer Gen8
  PciMultimedia:

  ProcEnviron:
   TERM=xterm-256color
   PATH=(custom, no user)
   XDG_RUNTIME_DIR=<set>
   LANG=en_GB.UTF-8
   SHELL=/bin/bash
  ProcFB: 0 mgag200drmfb
  ProcKernelCmdLine: BOOT_IMAGE=/vmlinuz-5.15.0-67-generic 
root=UUID=ce9a2e21-54ae-4461-8086-c62bbcaa1481 ro
  RelatedPackageVersions:
   linux-restricted-modules-5.15.0-67-generic N/A
   linux-backports-modules-5.15.0-67-generic  N/A
   linux-firmware                             20220329.git681281e4-0ubuntu3.10
  RfKill: Error: [Errno 2] No such file or directory: 'rfkill'
  SourcePackage: linux
  UpgradeStatus: Upgraded to jammy on 2023-03-20 (0 days ago)
  dmi.bios.date: 04/04/2019
  dmi.bios.vendor: HP
  dmi.bios.version: J06
  dmi.chassis.type: 7
  dmi.chassis.vendor: HP
  dmi.ec.firmware.release: 2.82
  dmi.modalias: 
dmi:bvnHP:bvrJ06:bd04/04/2019:efr2.82:svnHP:pnProLiantMicroServerGen8:pvr:cvnHP:ct7:cvr:sku712317-421:
  dmi.product.family: ProLiant
  dmi.product.name: ProLiant MicroServer Gen8
  dmi.product.sku: 712317-421
  dmi.sys.vendor: HP

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