Hi Furqan,
I can understand how inconvenient this must be on your end. I really apologize for the inconvenience caused to you. I’d be glad to assist you with this issue.
If MSMPENG.EXE is constantly consuming excessive memory and CPU, there is a conflict on your PC with another process or service. I would recommend disabling all startup items. If the problem goes away, enable startup items one at a time until the conflict is identified.
Perform a clean boot and check.
Putting your system in Clean Boot state helps in identifying if any third party applications or startup items are causing the issue. You need to follow the steps from the article mentioned below to perform a Clean Boot.
How to perform a clean boot in Windows
http://support.microsoft.com/kb/929135
Note: After troubleshooting, refer to this section "How to reset the computer to start normally after clean boot troubleshooting".
Hope this helps. Please post back with result so that we can assist you further.