sabhajayitva -- worshiping; vidhi-vat -- according to scriptural injunctions; krita -- to him (Narada) who had done; asana -- of a seat; parigraham -- acceptance; babhashe -- He (Lord Krishna) spoke; su-nritaih -- truthful and pleasing; vakyaih -- with words; sraddhaya -- with reverence; tarpayan -- gratifying; munim -- the sage.

After Narada had accepted the seat offered to him, Lord Krishna honored the sage according to scriptural injunctions and, gratifying him with His reverence, spoke the following truthful and pleasing words.