jquery ajax call inside the bootstrap modal

I am using bootstrap 3.3.6 and i have the modal dialog code opens like this

<div id="myModalPositions" class="modal fade">
<div class="modal-dialog">
    <div class="modal-content">
            <div class="modal-header">
                <button type="button" class="close" data-dismiss="modal" aria-hidden="true">×</button>
                <h4 class="modal-title">ACT</h4>
            </div>
            <div class="modal-body">
                <p>Loading...</p>
            </div>
            <div class="modal-footer">
                <button type="button" class="btn btn-default" data-dismiss="modal">Close</button>
            </div>
    </div>
</div>

<script type="text/javascript">
$('.openStandings').on('click', function(e){
  e.preventDefault();
  $('#myModalPositions').modal('show').find('.modal-body').load($(this).attr('data-href'));
});
</script>	

inside the myModalPositions, the data-href loads a file from the server which i am doing

so i added a code inside the data-href = url where i have the form and submit and added the ajax code inside that data-href file,

every time i am trying to submit, it is closing my modal dialog

This is the ode inside the data-href url

<form name="form1" id="form1">
<input type="text" name="name" id="name">
<button type="submit" class="btn btn-primary updateData" data-dismiss="modal">Proceed</button>	
</form>
<script type="text/javascript" src="../jquery/jquery-2.1.0.js"></script>
<script type="text/javascript">
	$("#form1").submit(function (event) {
		event.preventDefault();
	    var formData = $(this).serialize();
	    $.ajax({
	      type: "POST",
	      url: "proceed.cfm",
	      data: formData
	    }).done(function (data) {
	      console.log(data);
	    });
  	});
</script>	

what i am doing wrong here

Your button in the form has attribute data-dismiss="modal" so it closes the modal.

<!-- begin snippet: js hide: false console: true babel: false -->

<!-- language: lang-html -->

<script src="https://code.jquery.com/jquery-2.2.4.min.js" integrity="sha256-BbhdlvQf/xTY9gja0Dq3HiwQF8LaCRTXxZKRutelT44=" crossorigin="anonymous"></script>


<!-- Latest compiled and minified CSS -->
<link rel="stylesheet" href="https://cdn.jsdelivr.net/npm/bootstrap@3.4.1/dist/css/bootstrap.min.css" integrity="sha384-HSMxcRTRxnN+Bdg0JdbxYKrThecOKuH5zCYotlSAcp1+c8xmyTe9GYg1l9a69psu" crossorigin="anonymous">

<!-- Latest compiled and minified JavaScript -->
<script src="https://cdn.jsdelivr.net/npm/bootstrap@3.4.1/dist/js/bootstrap.min.js" integrity="sha384-aJ21OjlMXNL5UyIl/XNwTMqvzeRMZH2w8c5cRVpzpU8Y5bApTppSuUkhZXN0VxHd" crossorigin="anonymous"></script>



<div id="myModalPositions" class="modal fade">
  <div class="modal-dialog">
    <div class="modal-content">
      <div class="modal-header">
        <button type="button" class="close" data-dismiss="modal" aria-hidden="true">×</button>
        <h4 class="modal-title">ACT</h4>
      </div>
      <div class="modal-body">

        <form name="form1" id="form1">
          <input type="text" name="name" id="name">
          <button type="submit" class="btn btn-primary updateData" >Proceed</button>
        </form>

      </div>
      <div class="modal-footer">
        <button type="button" class="btn btn-default" data-dismiss="modal">Close</button>
      </div>
    </div>
  </div>
</div>



<button class="openStandings">openStandings</button>

<script type="text/javascript">
  $('.openStandings').on('click', function(e) {
    e.preventDefault();
    $('#myModalPositions').modal('show').find('.modal-body').load($(this).attr('data-href'));
  });


  $("#form1").submit(function(event) {
    event.preventDefault();
    console.log("sbumit");
    var formData = $(this).serialize();
    $.ajax({
      type: "POST",
      url: "proceed.cfm",
      data: formData
    }).done(function(data) {
      console.log(data);
    });
  });
</script>

<!-- end snippet -->

use data-backdrop="static"