jarsigner is not working on JDK 1.7

Question

We are using JDK 1.7 for our project, it was working fine till last week but now it is failing with below error,

jarsigner: unable to sign jar: javax.net.ssl.SSLHandshakeException: Remote host closed connection during handshake

I came to know that this issue is due to the protocol used to communicate with time-stamp server, but I am not sure how to pass the parameter to jdk through pom.xml to enforce it to use TLSv1.2

My Pom.xml file

<?xml version="1.0" encoding="UTF-8"?>
<project xmlns="http://maven.apache.org/POM/4.0.0"
         xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
         xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/xsd/maven-4.0.0.xsd">

    <parent>
        <groupId>com.project.dews.common</groupId>
        <artifactId>CommonPom</artifactId>
        <version>2.2-SNAPSHOT</version>
        <relativePath>..</relativePath>
    </parent>

    <modelVersion>4.0.0</modelVersion>
    <artifactId>UserNameApplet</artifactId>
    <version>2.2-SNAPSHOT</version>
    <packaging>jar</packaging>
    <name>User Name Applet</name>
    <build>
    <plugins>
        <plugin>
            <artifactId>maven-jar-plugin</artifactId>
            <configuration>
                <archive>
                    <addMavenDescriptor>false</addMavenDescriptor>
                    <manifestEntries>
                        <Trusted-Library>true</Trusted-Library>
                        <Permissions>all-permissions</Permissions>
                        <Codebase>*</Codebase>
                        <Caller-Allowable-Codebase>*</Caller-Allowable-Codebase>
                    </manifestEntries>
                </archive>
            </configuration>
        </plugin>
        <plugin>
        <plugin>
            <groupId>org.apache.maven.plugins</groupId>
            <artifactId>maven-jarsigner-plugin</artifactId>
            <executions>
                <execution>
                    <goals>
                        <goal>sign</goal>
                        <!--<goal>verify</goal>-->
                    </goals>
                    <phase>package</phase>
                    <configuration>
                        <keystore>src/main/keystore/keystore.ks</keystore>
                        <alias>85034585a-17b9-4a50-53e79d3a86345</alias>
                        <storepass>password</storepass>
                        <keypass>password</keypass>
                        <arguments>
                            <argument>-tsa</argument>
                            <argument>https://timestamp.geotrust.com/tsa</argument>
                        </arguments>
                        <!--<verbose>true</verbose>-->
                        <!--<certs>true</certs>-->
                    </configuration>
                </execution>
            </executions>
        </plugin>
    </plugins>
</build>
</project>

Build Error

[ERROR] Failed to execute goal org.apache.maven.plugins:maven-jarsigner-plugin:1.4:sign (default) on project UserNameApplet: Failed executing 'cmd.exe /X /C ""C:\JAVA 7\jdk1.7.0_71\jre\..\bin\jarsigner.exe" -keystore src/main/keystore/keystore.ks -storepass ***** -tsa https://timestamp.geotrust.com/tsa -keypass ***** C:\2.X_Dev_Code_SVN\Project\Common\Applet\target\UserNameApplet-2.1-SNAPSHOT.jar 85034585a-17b9-4a50-53e79d3a86345"' - exitcode 1 -> 
        [INFO] jarsigner: unable to sign jar:    javax.net.ssl.SSLHandshakeException: Remote host closed connection during handshake

I tried disabling TLSv1.0 and TLSv1.1 from java control Panel as well as disabled it using jdk.tls.disabledAlgorithms= SSLv2Hello, SSLv3, TLSv1, TLSv1.1 from java.security but I failed on both the cases and also for me I need to fix the issue only from the pom.xml.

Any suggestion to solve this problem would be much appreciated.