CRM Order save error No status object is available for

Hi Experts,

While trying to save an order i CRM Web UI I am getting the below error. If order is created with the same data, in GUI order is created successfully. Can anyone help?

Error Message in Web UI: No status object is available for <Unknown Object>

Error Message Long Text: When trying to read the status of an object (<Unknown Object>), a system error occurred: For object number FCDF51510CA45160E10000008297E0FC there is no status object.

Thanks,

JC