Round biscuit shelved (2,3)
I believe the answer is:
on ice
'shelved' is the definition.
(both can mean postponed)
'round biscuit' is the wordplay.
I cannot really understand how this works, but
'round' could be 'o' (o is a circular letter) and 'o' is found within the answer.
The remaining letters 'nice' is a valid word which might be clued in a way I don't see.
This may be the basis of the clue (or it may be nonsense).
Can you help me to learn more?
(Other definitions for on ice that I've seen before include "Awaiting decision" , "Ready to skate" , "Shelved" , "Temporarily suspended" , "not to be furthered?" .)