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Text 48
sabhājito bhagavatā
kṛtāsana-parigrahaḥ
tasmai tad varṇayām āsa
nārāyaṇa-mukhāc chrutam
sabhājitaḥ — honored; bhagavatā — by the personal expansion of the Supreme Lord (Vyāsadeva); kṛta — having done; āsana — of a seat; parigrahaḥ — the acceptance; tasmai — to him; tat — that; varṇayām āsa — he described; nārāyaṇa-mukhāt — from the mouth of Śrī Nārāyaṇa Ṛṣi; śrutam — what he had heard.
Vyāsadeva, the incarnation of the Personality of Godhead, respectfully greeted Nārada Muni and offered him a seat, which he accepted. Nārada then described to Vyāsa what he had heard from the mouth of Śrī Nārāyaṇa Ṛṣi.