@deantangNYP, Did you solve this error. ?
I am also facing the same issue, but still unable to resolve.
Yesterday I updated the Android SDK's on my PC, I assume that this Android SDK update has something to do with this error.
I tried the following without success
1) Disabled Antivirus
2) Disabled Firewall
As per
@Peter van Hoof, he deleted "Google USB driver" and "Intel x86 Emulator Accelerator (HAXM Installer)" and it worked for him, though he is not very sure about this.
I followed his suggested methods too ie I uninstalled "Google USB driver"
This "Intel x86 Emulator Accelerator (HAXM Installer)" was not installed on my PC, so there was nothing to be done in this regard.
Any help will be appreciated.
Regards
Anser