A court hearing involving the lotus Formula One team was adjourned again on Friday amid reports that a takeover by French manufacturer Renault is imminent.
The case in london into unpaid taxes had the potential to trigger the appointment of financial administrators to the debt-laden team.
Renault chairman and chief executive Carlos Ghosn has said company, which is currently an engine supplier to several teams, is considering returning to team ownership from next season.
Any potential deal still hinges on the outcome of separate talks between Renault and Formula One’s commercial chief Bernie Ecclestone over a proposed bonus payment to Renault for its historical contribution to the sport.
Kvyat fastest in practice
SINGAPORE: Red Bull youngster Daniil Kvyat recorded the fastest time in Friday’s practice for the Singapore Grand Prix, and Ferrari’s Kimi Raikkonen was second, indicating those teams are set to provide a challenge to previously dominant Mercedes this weekend.
Red Bull had not topped the timesheets for any Formula One session this season but the performance level was confirmed by Kvyat’s teammate Daniel Ricciardo, who was third fastest.
Runaway championship leader lewis Hamilton, who has taken pole position in 11 of 12 races this season, was fourth quickest and his Mercedes teammate Nico Rosberg was seventh.
Meanwhile, Nico Rosberg topped the timesheets ahead of his Mercedes teammate Hamilton in opening practice session on Friday.