virtualbox-dkms 4.1.12-dfsg-2ubuntu0.2: virtualbox kernel module failed to build

[Rahul Trehan]

Installed latest updates and tried installing virtual box and started getting build failed error.

invoke-rc.d: initscript virtualbox, action "restart" failed.
Processing triggers for python-central ...
Setting up virtualbox-dkms (4.1.12-dfsg-2ubuntu0.2) ...
Loading new virtualbox-4.1.12 DKMS files...
First Installation: checking all kernels...
Building only for 3.5.0-26-generic
Building initial module for 3.5.0-26-generic
Error! Bad return status for module build on kernel: 3.5.0-26-generic (i686)
Consult /var/lib/dkms/virtualbox/4.1.12/build/make.log for more information.
 * Stopping VirtualBox kernel modules [ OK ]
 * Starting VirtualBox kernel modules * No suitable module for running kernel found
                                                                         [fail]
invoke-rc.d: initscript virtualbox, action "restart" failed.
Setting up virtualbox-qt (4.1.12-dfsg-2ubuntu0.2) ...
Processing triggers for menu ...

ProblemType: Package
DistroRelease: Ubuntu 12.04
Package: virtualbox-dkms 4.1.12-dfsg-2ubuntu0.2
ProcVersionSignature: Ubuntu 3.5.0-26.42~precise1-generic 3.5.7.6
Uname: Linux 3.5.0-26-generic i686
NonfreeKernelModules: wl
ApportVersion: 2.0.1-0ubuntu17.1
Architecture: i386
DKMSKernelVersion: 3.5.0-26-generic
Date: Thu Apr 4 09:22:54 2013
InstallationMedia: Ubuntu 12.04.2 LTS "Precise Pangolin" - Release i386 (20130213)
MarkForUpload: True
PackageArchitecture: all
PackageVersion: 4.1.12-dfsg-2ubuntu0.2
SourcePackage: virtualbox
Title: virtualbox-dkms 4.1.12-dfsg-2ubuntu0.2: virtualbox kernel module failed to build
UpgradeStatus: No upgrade log present (probably fresh install)
VirtualBox.ModInfo: