Verse 5

बलिः पातालपीठस्थः कुर्वन्सदिव संस्थितिम् ।सदा त्यागी सदाऽसक्तो जीवन्मुक्त इति स्थितः

In plain words

Bali, seated upon the throne of Pātāla, sustaining his rule as though it were something real, ever a renouncer, ever unattached, stands established as one who is jīvanmukta.