Server Error in '/' Application.

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WRN: Assembly binding logging is turned OFF.
To enable assembly bind failure logging, set the registry value [HKLM\Software\Microsoft\Fusion!EnableLog] (DWORD) to 1.
Note: There is some performance penalty associated with assembly bind failure logging.
To turn this feature off, remove the registry value [HKLM\Software\Microsoft\Fusion!EnableLog].

[FileLoadException: Could not load file or assembly 'Telerik.Web.UI' or one of its dependencies. The located assembly's manifest definition does not match the assembly reference. (Exception from HRESULT: 0x80131040)]

[FileLoadException: Could not load file or assembly 'Telerik.Web.UI, Version=2011.1.519.35, Culture=neutral, PublicKeyToken=121fae78165ba3d4' or one of its dependencies. The located assembly's manifest definition does not match the assembly reference. (Exception from HRESULT: 0x80131040)]
   System.Reflection.Assembly._nLoad(AssemblyName fileName, String codeBase, Evidence assemblySecurity, Assembly locationHint, StackCrawlMark& stackMark, Boolean throwOnFileNotFound, Boolean forIntrospection) +0
   System.Reflection.Assembly.InternalLoad(AssemblyName assemblyRef, Evidence assemblySecurity, StackCrawlMark& stackMark, Boolean forIntrospection) +416
   System.Reflection.Assembly.InternalLoad(String assemblyString, Evidence assemblySecurity, StackCrawlMark& stackMark, Boolean forIntrospection) +166
   System.Reflection.Assembly.Load(String assemblyString) +35
   System.Web.Configuration.CompilationSection.LoadAssemblyHelper(String assemblyName, Boolean starDirective) +190

[ConfigurationErrorsException: Could not load file or assembly 'Telerik.Web.UI, Version=2011.1.519.35, Culture=neutral, PublicKeyToken=121fae78165ba3d4' or one of its dependencies. The located assembly's manifest definition does not match the assembly reference. (Exception from HRESULT: 0x80131040)]
   System.Web.Configuration.CompilationSection.LoadAssemblyHelper(String assemblyName, Boolean starDirective) +11224200
   System.Web.Configuration.CompilationSection.LoadAllAssembliesFromAppDomainBinDirectory() +388
   System.Web.Configuration.CompilationSection.LoadAssembly(AssemblyInfo ai) +232
   System.Web.Configuration.AssemblyInfo.get_AssemblyInternal() +48
   System.Web.Compilation.BuildManager.GetReferencedAssemblies(CompilationSection compConfig) +210
   System.Web.Compilation.BuildProvidersCompiler..ctor(VirtualPath configPath, Boolean supportLocalization, String outputAssemblyName) +76
   System.Web.Compilation.CodeDirectoryCompiler.GetCodeDirectoryAssembly(VirtualPath virtualDir, CodeDirectoryType dirType, String assemblyName, StringSet excludedSubdirectories, Boolean isDirectoryAllowed) +11213378
   System.Web.Compilation.BuildManager.CompileCodeDirectory(VirtualPath virtualDir, CodeDirectoryType dirType, String assemblyName, StringSet excludedSubdirectories) +185
   System.Web.Compilation.BuildManager.EnsureTopLevelFilesCompiled() +551

[HttpException (0x80004005): Could not load file or assembly 'Telerik.Web.UI, Version=2011.1.519.35, Culture=neutral, PublicKeyToken=121fae78165ba3d4' or one of its dependencies. The located assembly's manifest definition does not match the assembly reference. (Exception from HRESULT: 0x80131040)]
   System.Web.Compilation.BuildManager.ReportTopLevelCompilationException() +76
   System.Web.Compilation.BuildManager.EnsureTopLevelFilesCompiled() +1012
   System.Web.Hosting.HostingEnvironment.Initialize(ApplicationManager appManager, IApplicationHost appHost, IConfigMapPathFactory configMapPathFactory, HostingEnvironmentParameters hostingParameters) +1025

[HttpException (0x80004005): Could not load file or assembly 'Telerik.Web.UI, Version=2011.1.519.35, Culture=neutral, PublicKeyToken=121fae78165ba3d4' or one of its dependencies. The located assembly's manifest definition does not match the assembly reference. (Exception from HRESULT: 0x80131040)]
   System.Web.HttpRuntime.FirstRequestInit(HttpContext context) +11318198
   System.Web.HttpRuntime.EnsureFirstRequestInit(HttpContext context) +88
   System.Web.HttpRuntime.ProcessRequestNotificationPrivate(IIS7WorkerRequest wr, HttpContext context) +4348404