Issue installing Projeqtor 7.2.4 - by: punit

Hi,

I tried installing Projeqtor 7.2.4 on my linux server with PHP 5.4, Mysql 5.5, Apache 2.2

I am getting error "ERROR : An error occurred on 2018-10-11 at 11:02:28" when I login with default credentials to populate database.

On checking files/logs directory it says

2018-10-11 11:02:28.821 ***** ERROR ***** [] ERROR *****
2018-10-11 11:02:28.821 ***** ERROR ***** [] on file '/{Path}/preojeqtor724/model/Cron.php' at line (266)
2018-10-11 11:02:28.821 ***** ERROR ***** [] cause = fopen(/RESTART): failed to open stream: Permission denied

I had given -R 777 to /files/cron directory.

Can anyone let me know what is causing issue ?