Hi Noorul,
In preparing to answer you I did a little more digging. It turns out my update script had a bug in it so I was not going through the entire update process properly. I was pointing to a non-existent emacs (I had upgraded from 23.1 to 24.1 a few months ago) so none of the autoloads were being created. I didn't notice the problem as the mass of messages coming out of the build process (for the docs which worked) 'hid' the error message. Once I saved the log and studied it I was able to home in on the problem.
Once I fixed it I was able to execute C-c C-e without problem.
BTW, the version is 8.0.5
Mark