Thanks Khem Raj, Found jamvm class with update-alternative option.
jamvm.inc\jamvm\recipes-core - meta-java - Layer containing recipes for OpenJDK and other open source Java- (yoctoproject.org)

I see chrony is trying to fetch ntp_4.2.8p13-r0 but r0 is not present in (Index of /~ntp/ntp_spool/ntp4/ntp-4.2 (udel.edu)).
Also in chrony folder(meta-openembedded/meta-networking/recipes-support/chrony/),I could not find where we are assigning this version of ntp.

Please let me know how we can resolve this dependency or how can we add chrony in some other way.

Thanks,
Aqdam