The Creditors of Independent Insurance Group (CIIG) is close to making a deal with Independent's liquidators on the release of information.
CIIG chairman Kevin Young said the group held back on its group litigation order in order to work on an agreement with Pricewater-houseCoopers (PWC).
The order was due to be lodged in the High Court earlier this month in a bid to force PWC, the Financial Services Authority and KPMG to release any information they held on Independent.
Young said the CIIG was certain the Independent offices, now run by PWC, contained evidence vital to progressing the group's action against the organisations involved in the collapse of Independent.
"We know the evidence exists, it's another thing to have a copy in your file," Young said.
"If the liquidator is prepared to sit down and discuss the documents, a group litigation order would be a pointless and costly exercise.
"The order was an unpleasant way to make someone disclose something where we'd rather have a cordial relationship."
PWC was unavailable for comment.