Hi Abhinav,
Which HANA Studio version do you use?
Plesae use the version compatiable with your current HANA database to see if the problem still exists or not:
2073112 - FAQ: SAP HANA Studio
11. Which SAP HANA Studio revisions can be used to administer a certain SAP HANA database?
SAP HANA Studio is downward compatible, but not upward compatible. This means that you should always use at least the SAP HANA Studio Revision that was delivered together with the SAP HANA server software.
Regards,
Ning