selenium: Selenium unable to interact with Firefox getting - org.openqa.selenium.firefox.NotConnectedException

OS:
Windows 8.1

Selenium Version:
Selenium Webdriver 2.53.0

Browser:
Firefox -

Browser Version:
48.0b1 (64-bit)

Firefox is not launching throwing the following error

org.openqa.selenium.firefox.NotConnectedException: Unable to connect to host 127.0.0.1 on port 7055 after 45000 ms. Firefox console output: ult theme.“,“creator”:“Mozilla”,“homepageURL”:null,“contributors”:[“Mozilla Contributors”]},“visible”:true,“active”:true,“userDisabled”:false,“appDisabled”:false,“descriptor”:“C:\Program Files (x86)\Mozilla Firefox\browser\extensions{972ce4c6-7e08-4474-a285-3208198ce6fd}.xpi”,“installDate”:1465485880710,“updateDate”:1465485880710,“applyBackgroundUpdates”:1,“skinnable”:true,“size”:21899,“sourceURI”:null,“releaseNotesURI”:null,“softDisabled”:false,“foreignInstall”:false,“hasBinaryComponents”:false,“strictCompatibility”:true,“locales”:[],“targetApplications”:[{“id”:”{ec8030f7-c20a-464f-9b0e-13a3a9e97384}",“minVersion”:“48.0”,“maxVersion”:“48.0”}],“targetPlatforms”:[],“seen”:true} 1466434277169 addons.xpi DEBUG getModTime: Recursive scan of {972ce4c6-7e08-4474-a285-3208198ce6fd} 1466434277170 DeferredSave.extensions.json DEBUG Save changes 1466434277170 addons.xpi DEBUG Updating database with changes to installed add-ons 1466434277170 addons.xpi-utils DEBUG Updating add-on states 1466434277171 addons.xpi-utils DEBUG Writing add-ons list 1466434277172 addons.xpi DEBUG Registering manifest for C:\Program Files (x86)\Mozilla Firefox\browser\features\e10srollout@mozilla.org.xpi 1466434277173 addons.xpi DEBUG Calling bootstrap method startup on e10srollout@mozilla.org version 1.0 1466434277173 addons.xpi DEBUG Registering manifest for C:\Program Files (x86)\Mozilla Firefox\browser\features\firefox@getpocket.com.xpi 1466434277173 addons.xpi DEBUG Calling bootstrap method startup on firefox@getpocket.com version 1.0.3b1 1466434277174 addons.xpi DEBUG Registering manifest for C:\Program Files (x86)\Mozilla Firefox\browser\features\loop@mozilla.org.xpi 1466434277174 addons.xpi DEBUG Calling bootstrap method startup on loop@mozilla.org version 1.4.0 1466434277187 addons.manager DEBUG Registering shutdown blocker for XPIProvider 1466434277188 addons.manager DEBUG Provider finished startup: XPIProvider 1466434277188 addons.manager DEBUG Starting provider: LightweightThemeManager 1466434277188 addons.manager DEBUG Registering shutdown blocker for LightweightThemeManager 1466434277188 addons.manager DEBUG Provider finished startup: LightweightThemeManager 1466434277188 addons.manager DEBUG Starting provider: GMPProvider 1466434277192 addons.manager DEBUG Registering shutdown blocker for GMPProvider 1466434277192 addons.manager DEBUG Provider finished startup: GMPProvider 1466434277192 addons.manager DEBUG Starting provider: PluginProvider 1466434277193 addons.manager DEBUG Registering shutdown blocker for PluginProvider 1466434277193 addons.manager DEBUG Provider finished startup: PluginProvider 1466434277193 addons.manager DEBUG Completed startup sequence 1466434278010 addons.manager DEBUG Starting provider: <unnamed-provider> 1466434278010 addons.manager DEBUG Registering shutdown blocker for <unnamed-provider> 1466434278010 addons.manager DEBUG Provider finished startup: <unnamed-provider> 1466434278011 DeferredSave.extensions.json DEBUG Starting write 1466434278145 addons.repository DEBUG No addons.json found. 1466434278146 DeferredSave.addons.json DEBUG Save changes 1466434278148 DeferredSave.addons.json DEBUG Starting timer 1466434278163 addons.manager DEBUG Starting provider: PreviousExperimentProvider 1466434278163 addons.manager DEBUG Registering shutdown blocker for PreviousExperimentProvider 1466434278163 addons.manager DEBUG Provider finished startup: PreviousExperimentProvider 1466434278167 DeferredSave.extensions.json DEBUG Write succeeded 1466434278167 addons.xpi-utils DEBUG XPI Database saved, setting schema version preference to 17 1466434278314 DeferredSave.addons.json DEBUG Starting write 1466434278321 DeferredSave.addons.json DEBUG Write succeeded [Child 4516] WARNING: pipe error: 109: file c:/builds/moz2_slave/m-beta-w32-0000000000000000000/build/src/ipc/chromium/src/chrome/common/ipc_channel_win.cc, line 343 [Child 4516] WARNING: pipe error: 109: file c:/builds/moz2_slave/m-beta-w32-0000000000000000000/build/src/ipc/chromium/src/chrome/common/ipc_channel_win.cc, line 343

at org.openqa.selenium.firefox.internal.NewProfileExtensionConnection.start(NewProfileExtensionConnection.java:113)
at org.openqa.selenium.firefox.FirefoxDriver.startClient(FirefoxDriver.java:271)
at org.openqa.selenium.remote.RemoteWebDriver.<init>(RemoteWebDriver.java:119)
at org.openqa.selenium.firefox.FirefoxDriver.<init>(FirefoxDriver.java:216)
at org.openqa.selenium.firefox.FirefoxDriver.<init>(FirefoxDriver.java:211)
at org.openqa.selenium.firefox.FirefoxDriver.<init>(FirefoxDriver.java:207)
at org.openqa.selenium.firefox.FirefoxDriver.<init>(FirefoxDriver.java:120)
at com.selenide.test.Selenide_Test.setUp(Selenide_Test.java:20)
at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
at sun.reflect.NativeMethodAccessorImpl.invoke(Unknown Source)
at sun.reflect.DelegatingMethodAccessorImpl.invoke(Unknown Source)
at java.lang.reflect.Method.invoke(Unknown Source)
at org.junit.runners.model.FrameworkMethod$1.runReflectiveCall(FrameworkMethod.java:50)
at org.junit.internal.runners.model.ReflectiveCallable.run(ReflectiveCallable.java:12)
at org.junit.runners.model.FrameworkMethod.invokeExplosively(FrameworkMethod.java:47)
at org.junit.internal.runners.statements.RunBefores.evaluate(RunBefores.java:24)
at org.junit.runners.ParentRunner.run(ParentRunner.java:363)
at org.eclipse.jdt.internal.junit4.runner.JUnit4TestReference.run(JUnit4TestReference.java:86)
at org.eclipse.jdt.internal.junit.runner.TestExecution.run(TestExecution.java:38)
at org.eclipse.jdt.internal.junit.runner.RemoteTestRunner.runTests(RemoteTestRunner.java:459)
at org.eclipse.jdt.internal.junit.runner.RemoteTestRunner.runTests(RemoteTestRunner.java:675)
at org.eclipse.jdt.internal.junit.runner.RemoteTestRunner.run(RemoteTestRunner.java:382)
at org.eclipse.jdt.internal.junit.runner.RemoteTestRunner.main(RemoteTestRunner.java:192)