Not able to bind port 1131 on Window7 with AVD

Question

I am using the following java code in Android AVD on Windows7 to create my server with serverPort = 1131;

            try {
                    ServerSocket serverSocket = new ServerSocket(serverPort);

                    serverSocket.setReuseAddress(true);

                    while(isRunning){
                            try {
                                    final Socket socket = serverSocket.accept();

                                    DefaultHttpServerConnection serverConnection = new DefaultHttpServerConnection();

                                    serverConnection.bind(socket, new BasicHttpParams());

                                    httpService.handleRequest(serverConnection, httpContext);

                                    serverConnection.shutdown();
                            } catch (IOException e) {
                                    e.printStackTrace();
                            } catch (HttpException e) {
                                    e.printStackTrace();
                            }
                    }

                    serverSocket.close();
            } 
            catch (IOException e) {
                    e.printStackTrace();
            }
    }

I get the following exception :-

    01-18 06:30:03.381: W/System.err(1494): java.net.BindException: bind failed: EACCES (Permission denied)

The firewall on my machine is off & I have added special rules for that as well. Do I need to do something special for running server on AVD on Window7?

Kindly help.

Thanks