Hi rohitkhn!
I'm Jen, an independent advisor and a Microsoft user like you. I'd be happy to help you out with this issue.
Kindly check if there are linked excel files within the file you're trying to open that need relinking or removing. Also, it could be that the file path is too long. You could also try disabling your add-ins and see if it helps resolve the issue. Let me know if any of these suggestions work for you.
I hope this information helps. If you have any questions, please let me know and I'd be glad to assist you further.
Best Regards!
Jen :)