Hello Tier1-Kamisetty, Kumar,
Thanks for your question.
While further detailed logs may be required, it does look like the issue may come from your Hyper V.
do u have any VM software installed? Please check your control panel for your network Adapters. Generally, if you have this error code it means one of your virtual adapters may be blocking hyper-v from starting up a new network for this.
I will also advise you to check any VM software installed and your network driver as well.
Please also take a look at this github documentation referencing a similar issue: https://github.com/microsoft/WSL/issues/11044#issuecomment-2010455939
Please let me know if you have further questions
You can mark it 'Accept Answer' if this helped.