Intellij : Fatal error compiling: invalid target release: X

Problem while project is pointing to old JVM. Trace: [INFO] BUILD FAILURE [INFO] ———————————————————————— [INFO] Total time: 1.238 s [INFO] Finished at: 2017-01-26T08:56:44+05:30 [INFO] Final Memory: 8M/183M [INFO] ———————————————————————— [ERROR]…

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