Good answers by Paul Simon and Steve Homer, I shut down team viewer and that did the trick.
Skype or other programs may trigger the same glitch, but in this instance, I recalled the problem occurred when I tried to cut n paste a 2MB file from remote system through windows right click rather than using "File Transfer function in TV. An error message appeared, then the problem with Excel "'Cannot empty clipboard' message.
This problem occurs when you are working on a remote system. After copying and pasting a huge amount of data it shows the error. I have found the solution to this problem.
Go to remote systems task manager and perform the following task
Go to Task Manager > Processes
Look for "rdpclip.exe"
End that process
Your problem will be solved.