Actually there is small change in my xml. The following is my XML(extra parent node is added).
<CustomContent>
<Info>
<Name>abc</Name>
<Date>2014-04-21</Date>
</Info>
<Info>
<Name>def</Name>
<Date>2014-05-05</Date>
</Info>
<Info>
<Name>ghi</Name>
<Date>2014-04-28</Date>
</Info>
</CustomContent>
Now here is the Xpath to find the max date for the above XML.
//CustomContent/Info/Date[not(text() <= preceding::Date/text()) and not(text() <=following::Date/text
())]/text()
Thanks everyone :)