Hello parth2210,
Once issue could be no virtualization software really supports Apple's new chip architecture, besides Parallels (https://www.parallels.com/). There could be others, but I'm not aware of them.
VirtualBox "technically" supports it, but it's a developer preview. It's bound to have errors, so my guess it might not be your ISO, but VirtualBox. I would recommend downloading the ISO from the official Kali Linux website and you should be all set.
If I'm being completely honest, it's soo much each easier to just setup a Docker container that runs Kali Linux for you. Only downside is no GUI.