There appears to be a problem with your PATH environment variable. Based on your screenshot, it appears that the only place in your PATH is the "c:\windows\system32\nv\" folder. Could you check your PATH to make sure it contains "%SystemRoot%\system32". If you don't want to change your PATH, you could work around the problem by copying "chcp.com" from "c:\windows\system32\" to "c:\windows\system32\nv\" since that's where Hugin is looking.
@Yuv there isn't a good reason to use a 32-bit version of Hugin on a 64-bit Windows system. Unfortunately, SourceForge does not let one specify different default packages for 32-bit and 64-bit Windows so unless a 64-bit user specifically selects a 64-bit build, he or she will end up with a 32-bit version.
There appears to be a problem with your PATH environment variable. Based on your screenshot, it appears that the only place in your PATH is the "c:\windows\ system32\ nv\" folder. Could you check your PATH to make sure it contains "%SystemRoot% \system32" . If you don't want to change your PATH, you could work around the problem by copying "chcp.com" from "c:\windows\ system32\ " to "c:\windows\ system32\ nv\" since that's where Hugin is looking.
@Yuv there isn't a good reason to use a 32-bit version of Hugin on a 64-bit Windows system. Unfortunately, SourceForge does not let one specify different default packages for 32-bit and 64-bit Windows so unless a 64-bit user specifically selects a 64-bit build, he or she will end up with a 32-bit version.