Hello Dineshkumar J,
Unfortunately, I'm not able to reproduce the behavior you mentioned. Here are the steps I'm following to create the new project.
Select New project in the Quickstart Panel

Select your development board, in this case LPCXpresso 54114.

Select UART as the SDK debug console.

Leave default properties in Advanced project settings and click on finish.

When I enter to the debug session I'm able to see the Hello World printed in the terminal. If I exit the debug session and I reset the board I'm also able to see the Hello World in the terminal, so the project is still there once I exit the debug session.

Could you please follow these steps and try with a simple project that just prints Hello World in the terminal?
Hope it helps!
Victor.
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