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Its saying that a Java application is trying to connect on port but that port is already being used by some other process and JVM Bind to that particular port is failed.
Check which program is running on the given port.
netstat -a -b -n(Use Resource Monitor if you are admin) Linux:
Kill the process.
taskkill -pid <process-id> /fLinux
kill -9 <process-id>
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