This issue is surfacing when already an old version of SDK Manager is in the machine from where the approach of Android build is Changed which requires "android studio". I faced this in Visual Studio that was repeatedly halted with Error Message, "You have not accepted the License for version 25". The solution for this is "Install the Android Studio" and then "go to Environment Variables" and set the ANDROID_HOME to "C:\Users\\AppData\Local\Android\Sdk" (This path can be picked from Android Studio, Menu >> Tools >> SDK Manager. Also use the same in "path" of Environment Variables. This way, the new SDK manager is mapped for pickup by Visual Studio Build for Cordova Application.
This just took my 2 days effort second time
Wish others don't waste their time in this mess.