xinetd[#]: Deactivating service smtp due to excessive incoming connections. Restarting in 30 seconds.

This happened to a Plesk 8.x Linux (RH) server, the problem was that smtp service was up and running, and the queue was very light , but smtp wouldn’t accept any connections at port 25 even from localhost. In the /var/log/messages I saw this disturbing message: xinetd[#]: Deactivating service smtp due to excessive incoming connections. ...