We recently stuck with this error in IE8 and in other browser the application is working without any problem.
On searching for a solution we found this link
The fix is to download the attachment – ie7tlbfix.reg and apply the registry fix onto the windows
This issue is discussed here as well
https://forums.oracle.com/forums/thread.jspa?messageID=4376493
They point the finger at me.. again! 
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