Hi Ravikanth kolli,
As per my knowledge everything is ok in your jnlp file except codebase,it is the most important tag in the jnlp file,when you depoly your jnlp application on the server you have to change your codebase tag like this
<jnlp spec="1.0+" codebase="http://Ipaddress
ortno on which server running/Root folder name" href="launch.jnlp">
<jnlp spec="1.0+" codebase="http://192.168.1.125:8080/EventProj"
Just try like this.
I hope you will get now.
[ March 27, 2008: Message edited by: Satish Atyam ]