The primary purpose of this article is to deduce specific order estimates for the \textit{Mertens Function} $M(n)$, which facilitates us to analyze the location of zeros of the \textit{Riemann Zeta function} $\zeta(s)$. The paper also provides a brief overview about the notion of the \textit{Mertens Function} $M(n)$ and \textit{Redheffer Matrices} $\mathbb{A}_{n}$. In addition to learning about various \textit{spectral properties} of $ \mathbb{A}_{n}$, we shall also deduce the relation between these two, which, eventually would lead us to establish a necessary and sufficient condition for the \textit{Riemann Hypothesis} to hold true, as justified by \textit{Redheffer} himself. We shall also observe several numerical evidence as well as theoretical justification behind the falsity of the famous \textit{Mertens Hypothesis}, along with how researchers over the years have approached towards deriving an estimate of the smallest possible natural number $n$ for which the first such violation of the theorem occurs, utilizing numerous conjectures annotating about the order of $M(n)$. Readers who are highly motivated in pursuing research in any of the topics relevent to the contents of this paper will surely find the \texttt{References} section to be extremely resourceful.