Symptom: When you click Send and Receive in Outlook, you may receive an error "The operation failed. An object could not be found".
Cause: Outlook profile corruption
Solution: Create a new profile and re configure the email address.
Backup all your Emails before following the below step for creating new profile.
1. Open control panel and double-click on Mail icon
2. In the Mail Setup, click Show Profiles
3. Click Add in the New Profile dialog box, under Profile Name, type a descriptive name for the new profile, and then click OK
4. In the E-mail Accounts dialog box fill all of the required fields which need to configure the email account and click on Finish
5. In the Mail Setup, click on Always use this profile and select the new profile and click OK
Then try to open the outlook and check whether you able to Send and Receive mails in new profile, if it works fine repeat step 1 and 2, then remove the corrupted profile.