LP-EM-CC1354P10: Getting 'subdir_rules.mk:9: recipe for target 'build-626001679' failed' error while building CCS project

I have imported a CCS project which was working in another PC. Imported using 'Import CCS Projects' wizard (ie, Project->Import CCS Projects). While building the project I am getting the error shown below.
SDK: simplelink_cc13xx_cc26xx_sdk_7_40_00_77
CCS version: 12.7.0.00007 

Error:

`

subdir_rules.mk:9: recipe for target 'build-626001679' failed
TypeError: unknown property: interruptPriority
at setHelper (C:\ti\ccs1240\ccs\utils\sysconfig_1.20.0\dist\webpack:\sysconfig\src\pinmux\services\objectManagers\proxyHandlers\managedObjectProxyHandler.ts:181:8)
at Object.set (C:\ti\ccs1240\ccs\utils\sysconfig_1.20.0\dist\webpack:\sysconfig\src\pinmux\services\objectManagers\proxyHandlers\managedObjectProxyHandler.ts:29:10)
at scriptFunc (D:\projects\spark_minda_poc\Think_Seed_Ble_1%202\Think_Seed_Ble_1\Trimkey_LP_EM_CC1354P10_1\simple_peripheral.syscfg:128:28)
at cb (C:\ti\ccs1240\ccs\utils\sysconfig_1.20.0\dist\webpack:\sysconfig\src\pinmux\services\scripting\runScript.ts:113:7)
at withDeprecatedAccess (C:\ti\ccs1240\ccs\utils\sysconfig_1.20.0\dist\webpack:\sysconfig\src\pinmux\services\deprecatedAccessGuard.ts:14:10)
at runAsUserScript (C:\ti\ccs1240\ccs\utils\sysconfig_1.20.0\dist\webpack:\sysconfig\src\pinmux\services\scripting\scriptingGuard.ts:61:3)
at iteratee (C:\ti\ccs1240\ccs\utils\sysconfig_1.20.0\dist\webpack:\sysconfig\src\pinmux\services\scripting\runScript.ts:111:5)
at baseEach (C:\ti\ccs1240\ccs\utils\sysconfig_1.20.0\dist\webpack:\sysconfig\node_modules\lodash\lodash.js:530:11)
at Function.each (C:\ti\ccs1240\ccs\utils\sysconfig_1.20.0\dist\webpack:\sysconfig\node_modules\lodash\lodash.js:9409:52)
at C:\ti\ccs1240\ccs\utils\sysconfig_1.20.0\dist\webpack:\sysconfig\src\pinmux\services\scripting\runScript.ts:109:6
gmake: *** [build-626001679] Error 1
gmake: Target 'all' not remade because of errors.

**** Build Finished ****
`

Could you please guide to solve the issue. Am I missing some configuration to be set in my PC. Or is there any issue in the Project file itself?