Prasad said the government is committed to protecting fundamental rights of citizens, including the right to privacy.
The petition was withdrawn after a bench headed by Chief Justice of India S A Bobde asked Govindacharya to do so, citing several mistakes in it.
According to WhatsApp, the spyware was developed by Israel-based NSO Group and had been used to snoop on about 1,400 users globally, including 121 users from India.
The phishing attackers were attempting to obtain the target's password or other account credentials to hijack their account, Google said.
The panel will be briefed by representatives of the Ministry of Electronics and IT, Home affairs, Atomic Energy on the subject - 'Citizens' data security and privacy'.
The CERT-In is the nodal agency to combat hacking, phishing and to fortify security-related defences of the Indian internet domain.
In reply to a question by former minister Dayanidhi Maran, the MHA cited a law that allows agencies to monitor and decrypt any information stored in any computer on grounds of internal security.
The Israeli cyber company NSO Group had given its software presentation before the Chhattisgarh police during the previous BJP government led by Raman Singh.
Balla and the other victims said that an attempt was made to send spyware to their smartphones through the WhatsApp video calling service.
The minister said in the age of Information Technology, data plays a crucial role in the digital economy discourse.
Congress leader Anand Sharma, who chairs the parliamentary standing committee on home affairs, said this issue will be taken up at the panel's next meeting on November 15.
Facebook-owned WhatsApp had said earlier this week that Indian journalists and rights activists were among those globally spied upon by unnamed entities using an Israeli spyware 'Pegasus'.
Owaisi also asked Ravi Shankar Prasad whether it was true that five telecom service providers reportedly bought Pegasus.
Pegasus, the malware in question, spies on people via their phones. It was developed by Tel Aviv-based cyber security company NSO group.
Congress chief Sonia Gandhi attacked the Centre on WhatsApp snooping, saying these activities are not only unconstitutional but shameful as well.