This error happens in a number of different situations. Sometimes restarting the Xcode, fixes the problem. If not, follow these steps:
Disconnect your device.
Delete the app from your device.
Quit Xcode (Do not just simply close the window, quit it)
Delete derived data folder (~/Library/Developer/Xcode/DerivedData/-gbrvhlvwmpiobxdujegtghggrffp
- or something like that)
Now start Xcode once again, connect device and run the project. It should work fine.
OR
Try deleting "Required device capabilities" in the -Info.plist file.