App not Running on Android Emulator

Hi Guys, I am trying to run an app on android emulator,but facing a problem,when i set the log to trace i found the following result

[ERROR] Application Installer abnormal process termination. Process exit value was 1
[DEBUG] C:\Users\Augustine\AppData\Local\Android\android-sdk\platform-tools\adb.exe -e shell "cd /sdcard/Android && echo SDCARD READY"
[ERROR] error: more than one emulator
[ERROR] Exception occured while building Android project:
[ERROR] Traceback (most recent call last):
[ERROR]   File "C:\Users\Augustine\AppData\Roaming\Titanium\mobilesdk\win32\3.2.0.GA\android\builder.py", line 2601, in <module>
[ERROR]     builder.build_and_run(False, avd_id, debugger_host=debugger_host, profiler_host=profiler_host)
[ERROR]   File "C:\Users\Augustine\AppData\Roaming\Titanium\mobilesdk\win32\3.2.0.GA\android\builder.py", line 2340, in build_and_run
[ERROR]     self.push_deploy_json()
[ERROR]   File "C:\Users\Augustine\AppData\Roaming\Titanium\mobilesdk\win32\3.2.0.GA\android\builder.py", line 2009, in push_deploy_json
[ERROR]     sdcard_available = self.wait_for_sdcard()
[ERROR]   File "C:\Users\Augustine\AppData\Roaming\Titanium\mobilesdk\win32\3.2.0.GA\android\builder.py", line 1962, in wait_for_sdcard
[ERROR]     if 'SDCARD READY' in output:
[ERROR] TypeError: argument of type 'NoneType' is not iterable

<tool-api-level>10</tool-api-level>

I tried to run the app on the titanium SDK 3.1.3,3.2.0 and 3.2.2,but failed I am having all the latest Android sdks and even the jdk 1.7 is also installed.

Any comments and solution welcomed