Not launching Acrobat is easier than trying to close it. You can just check for the file existence in the batch file using the IF EXIST
command:
@IF EXIST %1 (
"C:\Program Files (x86)\Adobe\Acrobat 4.0\Reader\AcroRd32.exe" /t %1 %2
) ELSE (
REM optionally report error?
)
There are ways to check for the file from Oracle, but this is probably simpler since you already have a batch file, unless you want to test and report the error earlier in the process.