Hi Vaibhav,
The issue might be due to the migration of a project or application from lower version to the higher.There has been some process that has to be followed to upgrade your application between the Syncfusion product versions. Please find the guidelines from the following KB article that provide you some steps to follow to upgrade your application .
http://www.syncfusion.com/support/kb/2137/Upgrading%20projects%20to%20a%20new%20Syncfusion%20versionPlease follow the guidelines for migrating an application from lower version to the higher version and let me know if this helps.
Regards,
Jisha