The Championship club claim they have paid their arrears to HM Revenue and Customs so the taxman is expected to ask the High Court to end the petition.
Cardiff enjoyed a boost as a Malaysian-based consortium saved the club with a £6m investment which has paid the bill.
The Bluebirds, though, must appear in the High Court in London at 1030 BST.
Cardiff, who missed out on Premier League promotion after suffering a 3-2 defeat in last month's Championship play-off final to Blackpool, were under a financial cloud for the most part of last season owing debts that total an estimated £30m.
The Welsh club did reach a settlement over their long-standing £15m debt to former owner Sam Hammam's Langston Corporation in December.
Dato Chan Tien Ghee replaced Peter Ridsdale as Cardiff chairmanBut Cardiff's cash-flow plight became public last December when the first Malaysian financial injection was made to stave off the first winding-up order as head of the consortium Dato Chan Tien Ghee was appointed onto the club's board of directors.
The Bluebirds' former chairman Peter Ridsdale paid further visits to the High Court due to their tax debt - which threatened the club with potential administration and a 10-point deduction - and were even told in March that it was their "last chance" to pay the £1.9m liability as the club faced extinction.
Cardiff sold two plots of undeveloped land around their new Cardiff City Stadium - raising a reported £1.5m - while fans protested against Ridsdale's handing of club affairs following a game against Doncaster Rovers.
But at their 5 May hearing Cardiff were handed another reprieve as the High Court was satisfied that a full settlement was imminent due to the club's promised far eastern investment.
The £6m Malaysian financial injection was confirmed at an Extraordinary General Meeting of Cardiff's shareholders last month - which ended the controversial five-year reign of Ridsdale in south Wales as Ghee was named as his successor.
Billionaire businessman Tan Sri Vincent Tan Chee Yioun, a Malaysian property magnate who is worth a reported £800m, is the power behind Cardiff's new regime, which now owns around 30% of the club's shares.
And now Cardiff's new owners are due to appear in the High Court to end their legal battle with the taxman.
Cardiff City Football Club Limited are case number 22182 in the High Court list and are set to appear before Mr Registrar Simmonds at 1030 BST.
Source: BBC Sport
Source: BBC Sport