"C:\Program Files\Microsoft SQL Server\130\Setup Bootstrap\Log", the Event viewer under "System" gave the following error
"The SQL Server (I2016) service terminated with the following service-specific error: %%945"
Error didn't make much sense
The eventviewer under "Application" section gave a lot more meaningful error
FileMgr::StartLogFiles: Operating system error 2(The system cannot find the file specified.) occurred while creating or opening file 'D:\MSSQL2016Root\MSSQL13.I20161708\MSSQL\Binn
\mssqlsystemresource.ldf'. Diagnose and correct the operating system error, and retry the operation.
The above issue occurred on Windows 10 laptop with SQL Server 2016 Developer edition. Please note that, GDR was applied automatically by windows patch update. Yes, we would not schedule auto update of SQL Security Patches on production machines but suspect the issue would have occurred even had the GDR been manually installed.
Hope this post would help someone, trying to troubleshoot SQL Service failure issue after applying security fix.