Given the state of things, the electoral bonds could be used for a MLA+MP auction (IPL like) and then they do not have to attend Parliament. Nothing much happens there anyway and often the mics are off. That way, the voters don't have to process the complicated issue of whom to vote for and can just focus on surviving whatever the government decides they have to go through. Seems like a more realistic "dance of democracy".
In the long run this is perhaps what Sharad Pawar wanted anyway. Hard to believe that he was unaware of a 25+ contingent splitting away. If Ajit is expelled (has he been?) then he has to create a legacy. Pawar's legacy is inherited by Supriya Sule and she has to figure out whatever it is that politics in India in the future will be. Pawar may be upset now, but it isn't that horrific an end outcome. The Sena though have to figure out where they take Marathi pride in being kicked to the kerb.
The "opposition" parties should stop this death by thousand cuts and prepare for what they would be doing when every single election has just one end outcome. Regardless of what the actual vocal choice was. Until that time, the analysts would write their pieces and the strategies would be all irrelevant.

The fun part is if all this happened with full knowledge and agreement of Sharad Pawar. I've no further idea as to what that means for his legacy and status in national politics.

It seems unbelievable that he did not know about this midnight assignation. And then, what happens when Ajit doesn't like being a junior partner in the government? NCP+Sena+INC = khichdi sarkar while split is legitimate claimant to government formation. At some point this comedy will end, right?