The 2011 Indian Grand Prix has hit a roadblock with the promoters of the event failing to get the government nod for remitting the money they owe to the UK-based Formula One Administration.

With the Sports Ministry denying JPSK Sports, promoters of the Indian Grand Prix, the approval to remit $36.5 million to the Formula One management, speculation is rife about the fate of the event and the hushed silence of the organisers are not helping their cause either.