@ShantanuP , I'm assuming you're asking me for the expression, since it's my post (RameshMukka, I hope we get it solved for your sake, too).
Here is my definition of the event property:
Event property definition
Here is the OnSelect of the icon in the component.
Component's Button OnClick
Here is the app using the component and setting the OnMenuClick event. This fires now that I moved the component back into my app, but it stopped working when the component was in a component library (although it had worked for a couple of months previously):
Apps component.OnMenuClick