The way question is framed assumes the HC is really interfering in state politics. It might not be the case.
However, this is an interesting situation. The intensity of this would not be as grave as that of the Emergency, for the Union executive has much larger power compared to the state.
If we keep the real intentions of the YCP aside, it may not really bring any recalibration in the establishment.
Separation of powers will remain intact as usual, but the case to progress democratic model of governance can be strengthened, as a vital democratic institution is being seen as corroded by the loss of legitimacy of judiciary attained through the ad hominem of judges holding vital positions. Another vital pillar- the media already lost legitimacy as a savior of democracy.
Judiciary must save itself and keep proving its integrity from time to time, and so shall be the media.
If both judiciary and media are destroyed, it would be a cakewalk for the ruling party in a parliamentary democracy.