Hi Shankar,
so far, I am not sure root reason, but I think that it should be sap hana studio issue, it maybe has merge issue for column views to up version, not your problem.
besides, upgrade maybe has trouble from revision 52 to 60, you can ask hana support member, if you are customer or you are partner.
I am using revision 60, I uninstall old version, and install new version, not use update way, so far, it works fine.
Regards,
Jerry