I finally found out the answer as to why my v brake is not returning to open position.
If you look closely, the screw that is supposed to hold spring is not doing its job; the spring slips down when I try to apply tension. I'm not sure what that black plastic thing is called but I'm guessing that it must have a groove there in order for the spring to slide down under the screw.
Are there replacement parts for that or can that still be fixed? Or do I need to replace the whole v-brake?

