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Installation Problem - CCS v5.4 and CCS v5.5

Team,

Installation of CCS v5.4/5 is failing on my Win-XP machine with errors in startup script - The error message reads "Can't create directory <PATH>: no such file or directory..." (Screenshot attached). I tried creating the folder with adequate permissions and all but that didn't help - Can you please share some pointers for resolving this problem?

Thanks & Regards,

Praneet