Titanium Error, Emulator process exited with code 1

Titanium Error, Emulator process exited with code 1

Logfile initialized
[INFO] logfile = D:\Programming Stuff\WorkSpace_Titanium\SampleApp\build.log
[DEBUG]
C:\Users\Amit\AppData\Roaming\Titanium\mobilesdk\win32\3.1.1.GA\android\builder.py
emulator SampleApp C:\adt-bundle-windows-x86-20130717\sdk D:\Programming
Stuff\WorkSpace_Titanium\SampleApp com.aks.sampleApp 6 WVGA800 x86
[INFO] Launching Android emulator...one moment
[DEBUG] From: C:\adt-bundle-windows-x86-20130717\sdk\tools\emulator.exe
[DEBUG] SDCard: C:\Users\Amit\.titanium\android2.sdcard
[DEBUG] AVD ID: 6
[DEBUG] AVD Skin: WVGA800
[DEBUG] AVD ABI: x86
[DEBUG] SDK: C:\adt-bundle-windows-x86-20130717\sdk
[INFO]
plugin=C:\Users\Amit\AppData\Roaming\Titanium\plugins\ti.alloy\1.0\plugin.py
[INFO] Detected compiler plugin: ti.alloy/1.0
[ERROR] Exception occured while building Android project:
[ERROR] Traceback (most recent call last):
[ERROR] File
"C:\Users\Amit\AppData\Roaming\Titanium\mobilesdk\win32\3.1.1.GA\android\builder.py",
line 2569, in <module>
[ERROR] builder.run_emulator(avd_id, avd_skin, avd_name, avd_abi,
add_args)
[ERROR] File
"C:\Users\Amit\AppData\Roaming\Titanium\mobilesdk\win32\3.1.1.GA\android\builder.py",
line 653, in run_emulator
[ERROR] avd_name = self.create_avd(avd_id, avd_skin, avd_abi)
[ERROR] File
"C:\Users\Amit\AppData\Roaming\Titanium\mobilesdk\win32\3.1.1.GA\android\builder.py",
line 572, in create_avd
[ERROR] available_avds = avd.get_avds(self.sdk)
[ERROR] File
"C:\Users\Amit\AppData\Roaming\Titanium\mobilesdk\win32\3.1.1.GA\android\avd.py",
line 23, in get_avds
[ERROR] for line in
run.run([sdk.get_android(),'list','target'],debug=False).split("\n"):
[ERROR] AttributeError: 'NoneType' object has no attribute 'split'
Above is the Log for a simple single window app in titanium. when i try to
run this app in android emulator getting error that emulator process
exited with code 1.