Hi Sridhar,
Thank you for your post. This is unfortunate.
I have seen failures of the 'raised earth' circuit on the AKSA 55W with poorly earthed sources. I do not know the Shanling, and recognize it as very high quality, but likely double insulated. Some Chinese equipment has unusual earthing arrangements.
Anyway, here's what I'd do:
1. Replace R2 on the AKSA. This is a half watt 10R resistor right next to the center earthing terminal; brown black black gold are the bands. Usually in these circumstances it cooks.
2. Remove the speaker leads and the input leads to the amp.
3. Replace all four 5A fuses on the two modules.
4. Switch on, and measure first offset at the speaker output wrt earth - should be less than +/-30mV. Then measure quiescent from one output device emitter to the other output device emitter. Should be 55mV +/-4mV.
If this checks out, switch off, replace all the 100R fuse resistors, connect speakers and interconnect, run a wire from the chassis of the Shanling to the chassis of the AKSA, and switch on.
All SHOULD be sweetness and light. If not, get in touch with me privately, you might have to start replacing output devices and the diff input pair.
It's all fixable. No question. But it will take patience and some time.
Cheers,
Hugh