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See if the suggestions, here, help, although this was back with CS6-cloud, not CC, so may not apply 100%:
I'd suggest that rather than deleting the file, you move it out of the folder to somewhere else, in case things get worse and you need to put it back.
I found this by Googling the error message.
If you can't figure it out, you might post in the "Downloading, Installing and Set Up" or "Adobe Creative Cloud" forums since it seems to be related to the Cloud updates, and not necessarily ACR plug-in functionality, and I've seen India support people actually tackle problems posted there, which rarely happens in the ACR forum, although an ACR engineer may sometimes pop in to answer questions, they'd be less likely to know how to fix deployment issues.
Thank you so much for your quick response. I tried your suggestion but did not work. I actually had that same issue on my personal account and was able to get the issue resolved with a similar process. Unfortunately not with the team build. I will take the suggestion of posting this into a more appropriate group for help...I am quite new to this and it's a learning curve.
Thanks a lot for your help!!!
If you are on Teams, which I missed in your first post, perhaps it is just a setting in the Teams Administrator permissions area. That should be easier to fix.
I don't know anything about Teams so can't do more than Google search.
In any new posts about the issue, mention that you're on Teams and what OS versions you're using in case there is some known incompatibility.
Instead of deleting the file, you can just edit it and change the Suppressed flag from 1 to 0:
At least check to see what the Suppressed flag value is.
Google on "updates have been suppressed by the administrator", lots of info although I'm not sure how to apply.