Failed to start Samba service

Issue

• Samba service fails to start with the following error in logs.
• The error indicates having wrong permission for location /var/lib/samba/private/msg.sock' and /var/log/samba/cores

[2021/11/24 04:51:49,  0] ../../lib/util/util.c:279(directory_create_or_exist_strict)
  invalid permissions on directory '/var/log/samba/cores': has 0755 should be 0700

[2021/11/24 04:51:49,  0] ../../source3/lib/dumpcore.c:60(get_default_corepath)
  Failed to create /var/log/samba/cores for user 0 with mode 0700

[2021/11/24 04:51:49.707163,  0] ../../lib/util/util.c:279(directory_create_or_exist_strict)
  invalid permissions on directory '/var/lib/samba/private/msg.sock': has 0775 should be 0700

[2021/11/24 04:55:17,  0] ../../lib/util/util.c:279(directory_create_or_exist_strict)
  invalid permissions on directory '/var/log/samba/cores': has 0755 should be 0700

[2021/11/24 04:55:17,  0] ../../source3/lib/dumpcore.c:60(get_default_corepath)
  Failed to create /var/log/samba/cores for user 0 with mode 0700