Icetea test is not working

When running icetea tests:

c:\D\mbed-projects\hmipanel\mbed-os>mbed test --icetea --compile-list -v
[mbed] Working path "c:\D\mbed-projects\hmipanel\mbed-os" (library)
[mbed] Program path "c:\D\mbed-projects\hmipanel"
[mbed] Exec "c:\python27\python.exe -u c:\D\mbed-projects\hmipanel\mbed-os\tools\run_icetea.py -m NUCLEO_F091RC -t GCC_ARM -v --compile-list" in "c:\D\mbed-projects\hmipanel"
Traceback (most recent call last):
  File "c:\D\mbed-projects\hmipanel\mbed-os\tools\run_icetea.py", line 288, in <module>
    icetea_json_output = icetea_tests(options.target, options.tcdir, options.verbose)
  File "c:\D\mbed-projects\hmipanel\mbed-os\tools\run_icetea.py", line 173, in icetea_tests
    raise Exception("Icetea run error: No TEST_APPS folder in {}".format(os.path.curdir))
Exception: Icetea run error: No TEST_APPS folder in .
[ERROR] Icetea run error: No TEST_APPS folder in .
[mbed] ERROR: "c:\python27\python.exe" returned error.
       Code: 1
       Path: "c:\D\mbed-projects\hmipanel"
       Command: "c:\python27\python.exe -u c:\D\mbed-projects\hmipanel\mbed-os\tools\run_icetea.py -m NUCLEO_F091RC -t GCC_ARM -v --compile-list"

Separate command is working:

c:\D\mbed-projects\hmipanel\mbed-os>c:\python27\python.exe -u c:\D\mbed-projects\hmipanel\mbed-os\tools\run_icetea.py -m NUCLEO_F091RC -t GCC_ARM --compile-list
Available icetea tests for build 'NUCLEO_F091RC-GCC_ARM', location 'TEST_APPS'
Test Case:
    Name: TCPSERVER_ACCEPT
    Path: .\TEST_APPS\testcases\netsocket\TCPSERVER_ACCEPT.py
    Test applications: .\TEST_APPS\device\socket_app
Test Case:
    Name: TCPSOCKET_ACCEPT
    Path: .\TEST_APPS\testcases\netsocket\TCPSOCKET_ACCEPT.py
    Test applications: .\TEST_APPS\device\socket_app
Test Case:
    Name: TCPSOCKET_BIND_PORT
    Path: .\TEST_APPS\testcases\netsocket\SOCKET_BIND_PORT.py
    Test applications: .\TEST_APPS\device\socket_app
Test Case:
    Name: TCPSOCKET_ECHOTEST_BURST_SHORT
    Path: .\TEST_APPS\testcases\netsocket\TCPSOCKET_ECHOTEST_BURST_SHORT.py
    Test applications: .\TEST_APPS\device\socket_app
Test Case:
    Name: UDPSOCKET_BIND_PORT
    Path: .\TEST_APPS\testcases\netsocket\SOCKET_BIND_PORT.py
    Test applications: .\TEST_APPS\device\socket_app
Test Case:
    Name: test_cmdline
    Path: .\TEST_APPS\testcases\example\test_cmdline.py
    Test applications: .\TEST_APPS\device\exampleapp