Hello Piyush,
the PARAM_MAX_TOKENS sets a limit for tokens in a sentence. If there are more than that many tokens, the parser will skip the sentence. This is meant to avoid out-of-memory situations with very large sentences.
The message you get from the factored parser rather unrelated. If the factored parser finds the sentence too complex, then it falls back to the PCFG parser.
See also:
https://mailman.stanford.edu/pipermail/parser-user/2011-June/001091.html
If you think that we should add a parameter the the StanfordParser to change the MAX_ITEMS used by the parser, please open an issue on the Google Code issue tracker of DKPro Core ASL [1].
Cheers,
-- Richard
[1]
https://code.google.com/p/dkpro-core-asl/issues/list