Not sure why you needed a RPC as a VFD drive would of run your machine on 240v single Phase.
Does the spindle turn free by hand ?? if so I would check the wiring or a Fuse as it sounds like it could be missing a phase
Things that can cause this, Check that the High / Low Gear selector leaver is in the High Gear and engaged, ( you may not have this on your machine) the spindle will be free to turn
Check the brake, spindle will be free to turn