Ken Bates' club are currently sixth in League One (Getty)
An independent tribunal considering Leeds' 15-point deduction is set to start on Wednesday.
Leeds were docked the points by the Football League for allegedly breaking competition rules on insolvency.
But the club denied any wrongdoing and agreed to the independent arbitration hearing after initially serving the League with a High Court writ.
A three-man panel reviewing the penalty is expected to make their ruling before Leeds' trip to Millwall on 19 April.
The outcome of the private arbitration hearing is unclear, with many results possible.
The panel could back the Football League's ruling, reinstate all 15 points to Leeds or return just some of the lost points, with five being the most likely added to Leeds' current point total of 67.
Leeds are demanding a maximum return of points, as they see the punishment as disproportionate. The West Yorkshire club had already been docked 10 points for originally entering administration while still in the Championship, so in total they have had 25 points taken off them.
If Ken Bates' club were to receive all 15 points back, as things stand they would move up to second in League One and could clinch automatic promotion back to the Championship with a win at Millwall on Saturday.
However, this outcome would upset other League One clubs.
Promotion hopefuls Carlisle United and Doncaster Rovers have already hinted they would take legal action if the hearing ruled in Leeds' favour.
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