Thanks, Anders Blom,
It's resolved now. The error mentioned that it was not recognizing "qatk_gpu" when running a GPU simulation. Later, I found that the older version of Smart Keys didn't have any description of "qatk_gpu"
So, had to update the smart keys, and it worked nicely.
I might have some questions regarding the speedup. I am still testing it.
For someone facing the same issues, kindly redownload your SmartKeys from the Solvnet and replace them with the old ones.