A bench headed by Chief Justice P Sathasivam, before whom the matter was mentioned, said the plea will be heard tomorrow.
The petition has been filed by one Amit Kumar seeking the court's direction to stay the event, to be held on Saturday in Greater Noida, on the ground that the organiser has not paid the entire tax amount to the Uttar Pradesh government for first Formula 1 race held in 2011.
It sought that the company be directed to pay entire amount of entertainment tax due to it for the 2011 formula 1 race.
Kumar had earlier in 2011 also filed a petition in the apex court challenging exemption of entertainment tax given by the then BSP government in UP for the event and the apex court in its interim order on October 21, 2011, had directed the Jaypee Group to deposit 25 per cent of sale proceeds from tickets in a separate account which would not be operated without its permission.