Thank you All,
The issue has been fixed, There was an another BOBJ 4.0 system was running on the same node with the default ports (SIA 6410 and CMS 6400).
Further, in etc folder (C:\WINDOWS\System32\drivers\etc) inside the HOST file the Old BOBJ 4.0 IP was removed and the primary IP address of the system has been added (refer KBA : 1919927).
Finally the installation was successfully completed after changing the SIA and CMS default port numbers.
Regards
Vijay Karthick S