Ubuntu 16.10 is not booting because of error stick: gfxboot.c32: not a COM32R image

When trying to boot Ubuntu 16.10 from USB stick, it fails to boot from following error

Missing parameter in configuration file. Keyword: path
gfxboot.c32: not a COM32R image
boot :

This error had been reported since the Ubuntu versions 14.04. Discussion regarding this can be found here.


Therefore as a solution for this issue, I figured out following workaround.

1. Whenever this error is getting thrown during startup, press the TAB key
2. Choose among options like live, live-install etc ... I chose the live option.
3. Next press enter.

This will take into the live OS and from thereon wards, Ubuntu 16.10, can be installed using USB stick.