A counterexample
Let $R$ be your favorite commutative ring which isn't Noetherian, and let $I$ be any maximal ideal of it. Then $M=R/I$ is a simple (and so certainly Noetherian) module for this not-Noetherian ring.
Why am I wrong?
The wrong link is the idea that the chain of $I_iM$ stabilizing should imply that the chain of $I_i$ should stabilize. It just isn't so. In the example above, there are two cases that could occur. If $\cup I_i\subseteq I$, then $I_iM=\{0\}$ for all $i$, and this chain has certainly stabilized. On the other hand, if $\cup I_i\nsubseteq I$ then at some index $j$, $I_iM=M$ for all $i\geq j$, and the chain has again stabilized. But $I_i$ could be any nonstablizing chain in $R$ that you like.
The second part
As was mentioned in the comments, it's true that if $R$ has a faithful Noetherian module $M$, ($Ann(M)=\{0\}$) then $R$ is Noetherian. (The counterexample I gave is not a faithful $R$ module if $I\neq 0$.)
The idea of the proof is that since $M$ is finitely generated, you can inject $R$ into $M^n$ for some positive integer $n$. This makes $R$ a submodule of the Noetherian module $M^n$, hence $R$ is also Noetherian.
This particular fact has appeared in answers before. See especially these two:
https://math.stackexchange.com/a/258141/29335
https://math.stackexchange.com/a/110219/29335
It can be checked that the $R/Ann(M)$ submodules of $M$ coincide with the $R$ submodules of $M$, so $M$ is a Noetherian $R/Ann(M)$ module, and moreover it is a faithful $R/Ann(M)$ module. By the above this means that $R/Ann(M)$ is in fact a Noetherian ring.
So that's why in the second part a chain based at $Ann(M)$ will in fact stabilize.