Unable to launch Micro Focus Attachmate Extra! X-treme 9.5 through VBS script. Getting 'Run Time Error 429'

We have recently upgraded the version from 9.2 to Micro Focus Attachmate Extra! X-treme 9.5

Unable to launch Micro Focus Attachmate Extra! X-treme 9.5 through VBS script. Getting 'Run Time Error 429'

ActiveX Component can't create object. Same code is working fine in version 9.2 or 9.3