Problem solved with the following code snippet..
$(function () {
/*
* Description : On UpdatePanel Refresh
*/
var prm = Sys.WebForms.PageRequestManager.getInstance();
if (prm != null) {
prm.add_endRequest(function (sender, e) {
if (sender._postBackSettings.panelsToUpdate != null) {
$('[id*=lstItems]').multiselect();
$('[id*=lstItems]').multiselect({
includeSelectAllOption: true
});
}
});
};
});
Thanks for the reply..