Android Execution failed for task ':app:compileDebugJavaWithJavac'. - React Native

I am working on a react native application. when I try to build the applications using react-native run-android the build fails. Here is the output of the error that occurs.

FAILURE: Build failed with an exception.

* What went wrong:
Execution failed for task ':app:compileDebugJavaWithJavac'.
> Compilation failed; see the compiler error output for details.

* Try:
Run with --stacktrace option to get the stack trace. Run with --info or --debug option to get more log output. Run with --scan to get full insights.

* Get more help at https://help.gradle.org

Deprecated Gradle features were used in this build, making it incompatible with Gradle 6.0.
Use '--warning-mode all' to show the individual deprecation warnings.
See https://docs.gradle.org/5.4.1/userguide/command_line_interface.html#sec:command_line_warnings

BUILD FAILED in 8s
253 actionable tasks: 5 executed, 248 up-to-date
error Could not install the app on the device, read the error above for details.
Make sure you have an Android emulator running or a device connected and have
set up your Android development environment:
https://facebook.github.io/react-native/docs/getting-started.html
error Command failed: ./gradlew app:installDebug
debug Error: Command failed: ./gradlew app:installDebug
    at checkExecSyncError (child_process.js:607:13)
    at execFileSync (child_process.js:627:13)
    at runOnAllDevices (/Users/FaisalHussain/mobile/node_modules/@react-native-community/cli/build/commands/runAndroid/runOnAllDevices.js:58:39)
    at buildAndRun (/Users/FaisalHussain/mobile/node_modules/@react-native-community/cli/build/commands/runAndroid/runAndroid.js:142:41)
    at then.result (/Users/FaisalHussain/mobile/node_modules/@react-native-community/cli/build/commands/runAndroid/runAndroid.js:104:12)
    at <anonymous>
    at process._tickCallback (internal/process/next_tick.js:189:7)

The application was on a old version of react native (0.48.x) I have updated it to 0.59.10.

What I have done so far:

1. used jetifier to resolve issues with the plugins.
2. checked that the build tools version matches the compile sdk version
3. checked if the emulator is running.

Hence I have tried everything I could to resolve this but had no luck. Please do guide me on how to resolve this issue. Looking forward to your answers.