Cardiff have confirmed they paid £1 million to Her Majesty's Revenue and Customs on Tuesday in part settlement of the club's unpaid tax bill.
The South Wales outfit are believed to owe in the region of £2.7m to HMRC and were on Wednesday handed a further 28 days to pay the remaining amount after their winding-up order was adjourned by the High Court in London.
Cardiff, who are fourth in the Coca-Cola Championship table, were facing their second order after a first was dismissed by the High Court back in December when the club agreed a payment plan that would have seen all necessary funds repaid by the end of January.
HMRC set aside Wednesday's date to go back to court if for any reason that obligation had not been fulfilled.
And a statement on the club's official website read: "Cardiff City have had a winding-up order adjourned for 28 days by the High Court in London.
"During a short hearing, the court heard that the club had paid £1million to Her Majesty's Revenue and Customs in part settlement of a tax debt.
"This payment had been made on Tuesday February 9 and HMRC had no objection to the club's request for a 28-day extension to pay off the balance.
"Cardiff City chairman and chief executive Peter Ridsdale was in court to hear the decision."
The Bluebirds could face administration and a 10-point deduction should a winding-up order be made.
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