1. Get the path of SDK folder (right click on referenced telerik
library in project and see properties) and copy binaries folder to a
2. Uninstall Telerik Universal App SDK
3. Open you project and remove Telerik Library from references (which should be giving exclamation mark since the SDK is removed now)
4. Now add the reference of libraries from the folder you copied binaries into. (In my case, i referenced two libraries 'Telerik.Core.dll' and 'Telerik.UI.Xaml.Primitives.dll')
And it worked.