Posting this here as well:
Following are steps performed :
Delete "mydlink Lite" App on your phone
Re-install "mydlink Lite" from iOS App store
Open App and tap on "Remote Tab"
The list will show your camera
Click on "Add a New Camera"
Set QR Code Setup to "No"
Select your Camera (I selected DSC-934L)
Go through the flow "WPS Setup"
You will Run into "No Mydlink camera detected" , Tap "Close"
Click on "Back" Arrow and go back to the "Remote Device" screen
Tab multiple times (2) between "Local and Remote"
"Local" tab which was disabled , will tart showing message "Exploring near by camera"
Wait for few minutes
You camera shows up in the list
Click on camera