I don't see a lot of news about the development of the 115 indictment issue about Man City. But today this news came out by accident, I read Nick de Marco KC sports lawyer. He argued that when one of those cases is proven true, Man City should not be relegated. The best thing is the point deduction like the one obtained by Everton. Remember this case began in 2023 with a closed trial. Until now there is no clear news. It is estimated that this problem will be resolved early this December.

Source:
1. https://www.mirror.co.uk/sport/football/news/man-city-charges-verdict-mendy-34131625

I pray they are found guilty for the rest of the premier league clubs to be more careful with the breaches rules and be in the religation as Lyon of france league being relegated automatically for the rule broken with some charges supposed to be met to consider keeping them in the league.
Man City trophies should not be taken from them because the players struggles and effort should be consider
As for Everton point deduction as for financial breache man City breaches is not clear enough so their punishment might be different