Registry key Error: Java version has value '1.8', but '1.7' is required

When working with multiple versions of Java SDK installed in your computer, you might come across this error where you have installed Java8 and then when you try to run/compile an application using Java6 or Java7 you get stuck.

Essentially you need to make sure that the  system 'path' variable points to the Java version that you need. When installing Java8 there are lot of folders that get added to the 'path' like 'C:\programdata\Oracle\Java\' or c:\program files\java\java8\nin, etc Once these folders are deleted from the 'path' variable then you will not get this error. Make sure that any windows command prompts are re-opened once changes have been done to the 'path' variable.

The below two posts nicely summarize the fix needed to make Java8 co-exist along with Java6/7.
http://stackoverflow.com/questions/26324486/properly-installing-java-8-along-with-java-7
http://stackoverflow.com/questions/29697543/registry-key-error-java-version-has-value-1-8-but-1-7-is-required