tasmai - to him; hi - indeed; avocat - spoke; bhagavān - the Supreme Lord; ṛṣīṇām - the sages; śṛṇvatām - as they listened; idam - this; yaḥ - which; brahma - about the Absolute Truth; vādaḥ - discussion; pūrveṣām - ancient; jana-loka-nivāsinām - among the inhabitants of Janaloka.

As the sages listened, Lord Nārāyaṇa Ṛṣi related to Nārada an ancient discussion about the Absolute Truth that took place among the residents of Janaloka.