After long debug session, eliminating all possible faults, it turns out that vbus is damaged/degraded. It can charge low power devices, it sees hdd drive but doesn’t provide enough juice to spin up the drive. The best thing is that my Pi was working perfectly fine before Pironman update, it must be something in its setup/hardware that burned my vbus. Shame on you!
I have found this post: Pironman 5 seriously sensitive to static electricity. Any ideas?
Could it be the reason why my vbus was burned? I had identical issue with grounding.