I got this fixed by doing the below steps,
The eclipse finds the JAVA executables from
'C:\ProgramData\Oracle\Java\javapath'
2.The folder structure will contain shortcuts to the below executables,
i. java.exe
ii. javaw.exe
iii. javaws.exe
3.For me the executable paths were pointing to my (ProgramFiles(x84)) folder location
I corrected it to Program Files path(64 bit) and the issue got resolved
Please find the screenshot for the same.