I have tried customizing the DispForm.aspx and once I view the form in browser i found the people editor values are not displaying properly. Instead some HTML code was displayed.And this happened only for the people editor controls where I have allowed multiple selection.
When I opened the form in the designer I found the XSL code for the particular people editor showed
I have added another parameter disable-output-escaping=”yes” to that line. No my code read as
<xsl:value-of select=”@Team_x0020_Members” disable-output-escaping=”yes”/>
That have done the magic.