1. A method for leveraging hypervisor functionality for maintaining application consistent snapshots in a virtualization environment deployed by a hypervisor, comprising: utilizing the hypervisor to generate a hypervisor-specific application consistent snapshot of a virtual disk that corresponds to a virtual machine running in the virtualization environment, wherein a backup server is not employed to create the hypervisor-specific application consistent snapshot of the virtual disk; generating a storage-controller specific application consistent snapshot of the hypervisor-specific application consistent snapshot of the virtual disk; and logically deleting the hypervisor-specific application consistent snapshot.