I've checked those threads
This issue has been answered on other threads, links provided below:
1) PSoC Creator 4.0 Slow, Crashing
but this does not help me of fix the isse. I've also launched the .net repair tool.
Also, I've visual studio community 2013 also always open on my PC, I don't know if there could be a link, but visual studio is open in my case.
Please check if you are trying to open Visual Studio and PSoC Creator simultaneously, then only is this error is occurring
This error is specific to Windows as evident from these links: