Set cell value error

Hello All,

I am trying to pass the value in the cell using SET CELL Value function however it is throwing error ""HRESULT: 0x800A03EC""
The value is ""=+VLOOKUP(B3,'C:\*******\[ConsolidatedReport.xlsx]Sheet1'!$A$1:$N$1600,1,FALSE)".

I have valdated it before running. However i have an error everytime (exception from HRESULT: 0x800A03EC) i run it and the formula is not entered into the cell.

Has anyone worked and solved this problem? Thank you