Can the governor accept the advice of the defeated chief minister to dissolve the house?

He may or may not dissolve that house. One view is that he is always bound to accept the advice of the defeated chief minister and dissolve the house. The other view is that he may form an alternative state ministry. Dissolution is a democratic way to settle the complexion of the ministry. It may also serve as a disciplining technique for the members of the Legislature who may desist from defection is they know that the House would be dissolved and they would required to seek re-election if the ministry falls. This may, in the long run, result in governmental stability and parliamentary system may be the better for it.