Hello Everyone,
I was able to resolve the above error by following below steps-
reinstalled studio version, so this time the error got changed with sapnco files not found error. this was resolved by referring below link
and it solved the problem for me luckily.
hope it helps others.
ashokkarale
MD_Farhan1
Ajay_Mishra
postwick
Dheerendra_vishwakarma
Anil_G
chandreshsinh.jadeja
Gautham_Pattabiraman
vrdabberu
aravindbalineni123