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Hi SatishYadav,
Based on the error message and my experience, it seems to the .config file for this application or computer (machine.config) may have the jitDebugging value set in the system.windows.forms section.
If you use Vista, Win7 or 8, please try upgrading the .net framework to the latest one.
https://www.microsoft.com/en-us/download/details.aspx?id=48130
If you use Win 10, you can try using the system file checker tool. Here is a reference:
Use the System File Checker tool to repair missing or corrupted system files
After trying the steps above and the issue persists, since no server configurations will change the Outlook client behavior (or computer related issues) and our forum focuses on Office 365 cloud service related problems, we would suggest you post the issue in our System and clients forum which is dedicated to handling system related issues.
Your understanding is highly appreciated.
Best Regards,
Erick