The chief of the independent election body Fuad Thaufeeq told local media late yesterday that voting would take place in defiance of the Supreme Court order, which has been criticised by the international community.
But his deputy, as well as the commission's spokeswoman, denied to AFP any intention to hold the polls, indicating a schism had formed within a crucial institution in the young democracy.
"We will not go against the law," deputy elections chief Ahmed Fayaz told AFP. "We will not have elections on Saturday, unless the Supreme Court removes the suspension order."
"Please be informed that still we are just continuing our preparations," Elections Commission spokeswoman Aishath Reema told AFP today.
The local Haveeru newspaper reported that the Supreme Court last night ordered troops to stop any moves to go ahead with the vote tomorrow.
The top court halted the election on Monday following a legal challenge, sparking protests, fears of fresh instability and expressions of concern from India, the US and the European Union.
The candidate who placed third in the first round voting on September 7, wealthy businessman Qasim Ibrahim, demanded that the results be annulled over alleged discrepancies. The case is pending.
Nasheed, 46, won the first round comfortably with 45.45 per cent of the vote and faced a run-off contest on Saturday against Abdullah Yameen, the half-brother of the islands' former autocrat Maumoon Abdul Gayoom.
Local and international observer groups found the first round of voting to be free and fair.