Cannot install WSL on Windows 11 VM

UmerN1

Bit poster
I am trying to install Windows Subsystem for Linux but I get the following error:
WslRegisterDistribution failed with error: 0x80370102
Please enable the Virtual Machine Platform Windows feature and ensure virtualization is enabled in the BIOS.
For information please visit https://aka.ms/enablevirtualization
Press any key to continue...
The installation process for distribution 'Ubuntu' failed with exit code: 1.
Error code: Wsl/InstallDistro/WSL_E_INSTALL_PROCESS_FAILED


I have enabled the Windows Virtual Machine Platform feature via the Windows Features dialog and also tried to enable all Hyper V options - but I can only enable 'Hyper-V management tools' and Hyper-V Services.
I cannot select 'Hyper-V platform->Hypervisor' - it says 'The processor does not have the required virtualization capabilities'
I have looked at some old post on here about Virtualization but the options shown do not match what I can see in the Parallels Control Center.
The only option I see is CPU->Advanced->Adaptive Virtualization - I tried turning this on/off - did not help.

Please advise how to install WSL on Parallels Windows 11 VM.

Thanks!
 
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