Base path problem

I have problem with my website when deployed on shared hosting. When I access it shows following error:

Fatal error: Uncaught exception ‘yii\base\InvalidParamException’ with message ‘The directory does not exist: C:\HostingSpaces\zerguttnalog\zergutt.com’ in C:\HostingSpaces\zerguttnalog\zergutt.com\vendor\yiisoft\yii2\base\Module.php:224 Stack trace: #0 C:\HostingSpaces\zerguttnalog\zergutt.com\vendor\yiisoft\yii2\base\Application.php(358): yii\base\Module->setBasePath(‘C:\\HostingSpace…’) #1 C:\HostingSpaces\zerguttnalog\zergutt.com\vendor\yiisoft\yii2\base\Application.php(223): yii\base\Application->setBasePath(‘C:\\HostingSpace…’) #2 C:\HostingSpaces\zerguttnalog\zergutt.com\vendor\yiisoft\yii2\base\Application.php(202): yii\base\Application->preInit(Array) #3 C:\HostingSpaces\zerguttnalog\zergutt.com\wwwroot\index.php(13): yii\base\Application->__construct(Array) #4 {main} thrown in C:\HostingSpaces\zerguttnalog\zergutt.com\vendor\yiisoft\yii2\base\Module.php on line 224

I don’t think it is permission issue. Site is build using yii2 basic template and shared hosting is on windows 2012. Can anyone gues what it is?