The incident occurs after the slaying of Krishna's maternal uncle Kamsa. Krishna refuses the crown on the grounds that the rightful king of Mathura, Ugrasena, still lives.
Cf. A. Poster, Realms of Heroism: Indian Paintings in the Brooklyn Museum, 1994, pp. 53-54, for other examples from this pivotal manuscript. Poster notes that these 16th century Bhagavata Purana leaves establish the existence of a pre-Mughal style as one of the earliest extant series that combines indigenous Indian qualities with foreign influences resulting in compostions of bold colors and great liveliness. Other leaves from this series are in the British Museum, the Fogg Art Museum, the Cleveland Art Museum, the Art Institute of Chicago, the Carnegie Institute in Pittsburgh, and in various private collections.