Hi Pravin,
The situation you faced is caused by a known problem in JRE 7 update 55 and JRE 8 update 5, which is described here:
Area: Deploy
Synopsis
If an application uses RMI and runs in a restricted environment (ie. Java Plug-in, Java Web Start), it may not work. In particular, if you run a UI from an RMI callback, a NullPointerException is likely to be thrown. |
Unfortunately, our developers cannot overcome the problem from our side. So, they recommend that you roll back to a previous JRE update to test Java Web Start applications.
Note: according to the issue's description in JDK Bug System, the problem should be fixed in JRE 7 update 65 and JRE 8 update 11 that should become available in mid-July.