This limit on the number of network connections to named pipes from a single client is imposed by the MaxMpxCt registry value for the LanmanServer service on the Windows NT Server.
Registry path:
HKEY_LOCAL_MACHINE/SYSTEM
/CurrentControlSet
/Services
/LanmanServer
/Parameters
MaxMpxCt REG_DWORD
Range: 1 to 100 requests
Default: 50