I was creating a new emulator for ICS, but if the snapshot checkbox is checked, it gives an error that
"Unable to find 'C:\Program Files(x86)\Android\android-sdk\tools\lib\emulator\snapshots.img' files to copy into AVD folder".
I think it is self explanatory.
So, what can I do to avoid that thing because I need it to start from a snapshot.
Make sure that you have Android sdk tools, android sdk platform tools installed in android sdk manager.
And then check if you have any of the corresponding images installed for the API version you are using.