fix: update the storage-version-migration script to complete execution in finite time

[ayushsatyam146]

Changes

hack/storage-version-migration.sh script is mentioned in the install steps. If that script is executed it runs infinitely without reporting any success or failure. This PR adds changes to put checks in hack/storage-version-migration.sh script to give success or failure response and terminate the execution in finite time.

Fixes #1680

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[ayushsatyam146]

/retest