Hi Mohan,
It's issue related with parameter DIR_PUT .Kindly share parameter value for DIR_PUT from RZ10.If possible try to set the same as like D:\usr\sap\<SID>\upg\abap
After that try again .In addition please refer SCN doc http://scn.sap.com/docs/DOC-41952
Hope this will resolve your issue.
Regards,
Gaurav