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Here’s how to help California cities drowning in pension debt

Unfunded pension and healthcare liabilities threaten the financial stability of San Francisco and many cities. By utilizing joint powers agreements, cities could share costs for services and alleviate budget shortfalls. Jana Ašenbrennerová/For the S.F. Chronicle California’s cities face a perfect storm: soaring unfunded pension liabilities, aging infrastructure and pressure to preserve essential public services, especially police…

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NCLT closes insolvency case against ATS project developer Nobility

NCLT closes insolvency proceedings against Nobility Estates, developer of ATS’s ‘Le Grandiose’ project in Noida. This follows a settlement with lenders, approved by 92.52% of creditors, ending the CIRP initiated in November 2023. The National Company Law Tribunal (NCLT) has closed the corporate insolvency resolution process (CIRP) against Nobility Estates Private Limited, the developer of…