2021941 - Error in configuration phase DETECT-SOURCE-COMPONENTS_01.LOG

During support pack update in production Enterprise Portal from 7.02 SP12 to SP14, you are stuck in the configuration phase with below error:

DETECT-SOURCE-COMPONENTS_01.LOG
May 23, 2014 9:51:39 AM [Info ]: Dependencies of component sap.com/tc~sec~diagtool~ear have been read. Dependencies are sap.com/deploy, sap.com/security_api, sap.com/tc/jmx.
May 23, 2014 9:51:39 AM [Info ]: File /usr/sap/EPP/JC00/SDM/root/origin/sap.com/tc~sec~diagtool~ear/LOCAL/0/999.20101210142736/web_diagtool.SDA has been analyzed for deployment components.
May 23, 2014 9:51:39 AM [Error ]: The following problem has occurred during step execution: java.lang.NullPointerException: while trying to invoke the method com.sap.sdt.j2ee.model.DevelopmentComponentIF.getSoftwareType() of an object loaded from local variable 'readComp'.

sdmrepository.sdc, BC_COMPVERS and DETECT-SOURCE-COMPONENTS_01.LOG , KBA , BC-UPG-TLS-TLJ , Upgrade tools for Java , Problem