Dear Suresh,
In my understanding it seems you have made the settings in transaction code COB1 for the order
type+plant+component combination.
Now in this case try to perform a manual batch determination for the components and check the logs,at
what step the system is not able to proceed.
Sometimes this can occur, if the characteristic in the selection class is not available or not included in
the batch class(unable to give you an exact example).
But by this way you can identify the root cause for this issue.
Regards
Mangalraj.S