"Malaysia won't be on the calendar down to the court proceedings," Warburton said.
"Directions is November and court case is March of next year. Until the case is solved, no one can be awarded the rights to promote a race in KL.
"The appetite is still there from everyone, but until the shareholding issue is sorted, it won't go anywhere.
"We'll be pretty conservative before we put something on the calendar. I'd say it's probably unlikely (there'll be an Asian race) at this point."
The Kuala Lumpur event was to be Supercars' first new international race in three years and forms part of the category's vision to establish itself in the Asian market.
Aside from Supercars' regular round in Auckland, the last time the category ventured overseas for a championship event was to Texas in 2013, while their last push into Asia was to Shanghai in 2005.
Asia is viewed as the ideal region for Supercars to spread its wings internationally, with favourable time zones and non-prohibitive freight costs.
"We have got to be focused on getting it right in the right markets, in the right time zones for the long term," Warburton said.
"We've got to make sure that it's a long term sustainable race. We could probably rush one through for next year if we really pushed, but we're probably better to get it right."
Supercars is also is the process of finalising its plans for the championship finale, with Newcastle believed to be the frontrunner to replace Homebush for the last round.
The calendar for 2017 is likely to be announced before Bathurst.