The Commission wants to settle the matter before January 17 when the process of nomination begins for the first phase of polling in Uttar Pradesh to be held on February 11, provided the two sides proceed accordingly.
Notices are being sent to both factions for the January 13 hearing.
While the Akhilesh camp has submitted affidavits signed by SP MPs, MLAs, MLCs and delegates supporting Chief Minister Akhilesh Yadav, the other side has maintained that as per the party's constitution, Mulayam Singh Yadav is still the party chief.
The Akhilesh camp had yesterday urged the Commission to decide on the matter at the earliest as the nomination process will begin Tuesday next.
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The 'cycle' symbol faces the threat of being frozen before the seven-phase Uttar Pradesh Assembly polls if the Election Commission is not able to decide which of the two factions of the party commands majority in the organisation.
The side which has the support of majority (50 per cent plus 1) of MPs, MLAs, MLCs and delegates will gain an upper hand in the fight to control the party founded 25 years ago.