The 2010 British grand prix is still on track, after the North West Leicestershire District Council met on Tuesday evening.
The council's planning committee considered rescinding planning permission for formula one renovations at Donington Park, following a paperwork dispute.
But they decided to give bosses until the end of June to resolve the matter and sign the necessary documents.
The track leaseholder, Simon Gillett, is being sued by the owner of the site for unpaid rent. They will meet at Derby County Court on June 8.
"We will be in a position to be able to sort that out very soon," Gillett is quoted as saying by the BBC.
"We are in in-depth meetings to button down the finances and you should see a resolution on this situation soon."
