UPDATE: Removing the product first in Shopify admin, and re-uploading the product-import.csv did set the stock of respective variants to ZERO and putted the product display in SOLDOUT state.
Attached the csv in question.
UPDATE: Removing the product first in Shopify admin, and re-uploading the product-import.csv did set the stock of respective variants to ZERO and putted the product display in SOLDOUT state.
Attached the csv in question.