Verification and inspection of exam papers

Hey everyone..   

I wasnt able to clear the second group of IPCC yet again. I scored really bad in ITSM when I expected to score atleast 50.   

I am thinking of opting for verification and inspection of my paper. My query is -   

After applying for verification, should i go ahead and fill the exam application for the next attempt? If i do apply for the next attempt, and the verification results are favourable, how do i cancel the exam application for the following attempt?   

Also, does verification and inspection of papers result in any adverse results?   

Please do reply. Thank you!