I am able to achieve the following two things already.
Use ManifestFile to define classpath libraries and Main class as below.
manifest-Version: 1.0
Class-Path: lib/log4j-1.2.17.jar
Main-Class: FQNofMainClass
Pass the ClassPath libraries folder and MainClass from Command Line as below.
(java -cp my.jar;lib_folder/* FQNofMainClass)
But now my scenario is to run the .jar file with Classpath libraries in command line and MainClass details inside Manifest File. How do I achieve this?