Hi Shikhil S, Welcome to Microsoft Q&A Forum and thanks for posting your query. As per the error message it looks like you have met the Azure subscription limits for concurrent runs as stated in the public documentation.
As these are hard limits, you will have to adjust the pipelines concurrency configuration that way you limit the number of concurrent pipeline runs which would avoid hitting the Azure subscription limits.
Please try updating the concurrency setting to for example 20 or 30 in both parent and child pipeline that way you will ensure that only limited concurrent pipelines runs at the same time.
Hope this info helps. Let us know how it goes. Thank you
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