SSL handshake failure while trying to connect to S3 using Java SDK

While trying to list S3 buckets using the Java SDK version 1.11.320, we get the following exception. Whereas, the AWS CLI seems to be working fine. Java version being used is Oracle JDK 1.8.0_281.

com.amazonaws.SdkClientException: Unable to execute HTTP request: Remote host terminated the handshake
        at com.amazonaws.http.AmazonHttpClient$RequestExecutor.handleRetryableException(AmazonHttpClient.java:1116)
        at com.amazonaws.http.AmazonHttpClient$RequestExecutor.executeHelper(AmazonHttpClient.java:1066)
        at com.amazonaws.http.AmazonHttpClient$RequestExecutor.doExecute(AmazonHttpClient.java:743)
        at com.amazonaws.http.AmazonHttpClient$RequestExecutor.executeWithTimer(AmazonHttpClient.java:717)
        at com.amazonaws.http.AmazonHttpClient$RequestExecutor.execute(AmazonHttpClient.java:699)
        at com.amazonaws.http.AmazonHttpClient$RequestExecutor.access$500(AmazonHttpClient.java:667)
        at com.amazonaws.http.AmazonHttpClient$RequestExecutionBuilderImpl.execute(AmazonHttpClient.java:649)
        at com.amazonaws.http.AmazonHttpClient.execute(AmazonHttpClient.java:513)
        at com.amazonaws.services.s3.AmazonS3Client.invoke(AmazonS3Client.java:4365)
        at com.amazonaws.services.s3.AmazonS3Client.invoke(AmazonS3Client.java:4312)
        at com.amazonaws.services.s3.AmazonS3Client.invoke(AmazonS3Client.java:4306)
        at com.amazonaws.services.s3.AmazonS3Client.listBuckets(AmazonS3Client.java:935)
        at com.amazonaws.services.s3.AmazonS3Client.listBuckets(AmazonS3Client.java:941)
        at com.striim.S3Utility.printS3BucketsList(S3Utility.java:50)
        at com.striim.S3Utility.main(S3Utility.java:37)
Caused by: javax.net.ssl.SSLHandshakeException: Remote host terminated the handshake
        at sun.security.ssl.SSLSocketImpl.handleEOF(SSLSocketImpl.java:1460)
        at sun.security.ssl.SSLSocketImpl.decode(SSLSocketImpl.java:1287)
        at sun.security.ssl.SSLSocketImpl.readHandshakeRecord(SSLSocketImpl.java:1188)
        at sun.security.ssl.SSLSocketImpl.startHandshake(SSLSocketImpl.java:401)
        at sun.security.ssl.SSLSocketImpl.startHandshake(SSLSocketImpl.java:373)
        at org.apache.http.conn.ssl.SSLConnectionSocketFactory.createLayeredSocket(SSLConnectionSocketFactory.java:396)
        at org.apache.http.conn.ssl.SSLConnectionSocketFactory.connectSocket(SSLConnectionSocketFactory.java:355)
        at com.amazonaws.http.conn.ssl.SdkTLSSocketFactory.connectSocket(SdkTLSSocketFactory.java:132)
        at org.apache.http.impl.conn.DefaultHttpClientConnectionOperator.connect(DefaultHttpClientConnectionOperator.java:142)
        at org.apache.http.impl.conn.PoolingHttpClientConnectionManager.connect(PoolingHttpClientConnectionManager.java:373)
        at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
        at sun.reflect.NativeMethodAccessorImpl.invoke(NativeMethodAccessorImpl.java:62)
        at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
        at java.lang.reflect.Method.invoke(Method.java:498)
        at com.amazonaws.http.conn.ClientConnectionManagerFactory$Handler.invoke(ClientConnectionManagerFactory.java:76)
        at com.amazonaws.http.conn.$Proxy9.connect(Unknown Source)
        at org.apache.http.impl.execchain.MainClientExec.establishRoute(MainClientExec.java:381)
        at org.apache.http.impl.execchain.MainClientExec.execute(MainClientExec.java:237)
        at org.apache.http.impl.execchain.ProtocolExec.execute(ProtocolExec.java:185)
        at org.apache.http.impl.client.InternalHttpClient.doExecute(InternalHttpClient.java:185)
        at org.apache.http.impl.client.CloseableHttpClient.execute(CloseableHttpClient.java:83)
        at org.apache.http.impl.client.CloseableHttpClient.execute(CloseableHttpClient.java:56)
        at com.amazonaws.http.apache.client.impl.SdkHttpClient.execute(SdkHttpClient.java:72)
        at com.amazonaws.http.AmazonHttpClient$RequestExecutor.executeOneRequest(AmazonHttpClient.java:1238)
        at com.amazonaws.http.AmazonHttpClient$RequestExecutor.executeHelper(AmazonHttpClient.java:1058)
        ... 13 more
Caused by: java.io.EOFException: SSL peer shut down incorrectly
        at sun.security.ssl.SSLSocketInputRecord.read(SSLSocketInputRecord.java:480)
        at sun.security.ssl.SSLSocketInputRecord.readHeader(SSLSocketInputRecord.java:469)
        at sun.security.ssl.SSLSocketInputRecord.decode(SSLSocketInputRecord.java:159)
        at sun.security.ssl.SSLTransport.decode(SSLTransport.java:110)
        at sun.security.ssl.SSLSocketImpl.decode(SSLSocketImpl.java:1279)