Problem after updating to latest kotlin version

I updated my kotlin version to 1.4.20 in project build.gradle file in Android Studio. But, i am not able sync my project. I am getting this error:

    A problem occurred configuring root project 'Modules'.
> Could not resolve all artifacts for configuration ':classpath'.
   > Could not find kotlin-scripting-compiler-embeddable-1.4.20.jar (org.jetbrains.kotlin:kotlin-scripting-compiler-embeddable:1.4.20).
     Searched in the following locations:
   > Could not find kotlin-stdlib-common-1.4.20.jar (org.jetbrains.kotlin:kotlin-stdlib-common:1.4.20).
     Searched in the following locations:

Possible solution:
 - Declare repository providing the artifact, see the documentation at

I also went to Tools->Kotlin->Configure Kotlin Plugin Updates and installed the latest kotlin. Still i am getting this error. So, What could be the reason?

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