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Her refusal to come out of retirement rules Sakshi out of this month's national trials for the Olympic qualifiers.
The WFI-organised national camps are on hold since January, 2023.
They also approached the world governing body UWW, requesting its intervention for the restoration of the suspended WFI.
The Sports Ministry on Sunday suspended the newly-elected WFI for not following due procedure while announcing the dates for the U15 and U20 National Championships in Gonda, UP.
Sakshi Malik, India's lone female Olympic medallist in the sport wrestler, has quit the game in protest, while Olympic medallist Bajrang Punia has returned Padma Shri - one of the country's highest civilian awards.
Bajrang was stopped at the Kartavya Path by Delhi Police officials when he tried to reach the Parliament to meet PM Modi and hand over his letter.
'We fought from our heart but if a man like Brij Bhushan, his business partner and a close aide is elected as the president of WFI, I quit wrestling,' said a teary-eyed Sakshi.
As per Tokyo Games bronze medallist Bajrang, they withdrew their protest after the government assured that no one related to Brij Bhushan will contest the polls.
The grapplers have been demanding the arrest of outgoing Wrestling Federation of India chief Brij Bhushan Sharan Singh.
The protesting wrestlers have been invited by the government for the second time days after they met Home Minister Amit Shah.