Once I updated my Java version to 8 as suggested by browser. However I had selected to uninstall previous Java 6 version I have been used for coding my projects. When I enter the command in "java -version" in cmd it showed 1.8 and I could not start eclipse IDE run on Java 1.6.
When I installed Java 8 update for the browser it had changed the "PATH" System variable appending "C:\ProgramData\Oracle\Java\javapath" to the beginning. Newly added path pointed to Java vesion 8. So I removed that path from "PATH" System variable and everything worked fine. :)