Thanks Amitabh,
I have put try catch block every where but still it gives such error as soon as I click on "open" button after installation complete.
But today I am able to track where the actual problem lies.
In my application I have created folder to put application log file on memory card. And this was causing problem.
When I commented this code worked successfully. But I need logs for my application.
So then I tried to create a log folder inside "PhoneMemory / images". It worked.
But now I do have new issue again.
My application gets access to media folders on PhoneMemory and MemoryCard and transfers this files to the server.
And now my application is failing to transfer the files from Memory Card.

Its able to access and transfer the files from "PhoneMemory" to the Server.
Means it proves that memory card is not accessible on C7. Why?
-Rupaa.