Creditors will also consider plans to bring in a new strategic investor to Neopharma to keep the business operating
Almost 4.8 million shares which belonged to Shetty were held in a nominee account in Falcon Private Bank which were then transferred to First Abu Dhabi Bank on February 5
The London-listed company’s share price has fallen 24 per cent this year to 13.48 pounds
The family’s troubles began last month when Block’s Muddy Waters Capital issued a report criticising NMC’s accounts