“Server Tomcat v7.0 Server at localhost failed to start” without stack trace while it works in terminal

So got this project which worked just fine before the weekend (have other problems, but at least Tomcat launched). Now when I try to launch the Tomcat server it immediately gives the following error:

Server Tomcat v7.0 Server at localhost failed to start.

However, I can start Tomcat just fine via Terminal, and this problem is occurring in Eclipse (Eclipse Java EE IDE for Web Developers. Version: Juno Service Release 1 Build id: 20121004-1855)

I scoured several forums trying to find a solution but to no avail! Please help someone out in need.

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