The future of shopping centre owner Centro remains uncertain, with no sign of when a court will deliver its verdict on the company’s restructure plans.

Securityholders last week approved the amalgamation plans, which will see Centro Retail Group (CER) and Centro Properties Group (CNP) combine to create a new listed Australian retail property trust called Centro Retail Australia.

The new entity would own or manage $7 billion of shopping centre assets across Australia.

The restructure is a pre-condition to lenders providing long-term debt financing.

The final approval now rests with the NSW Supreme Court, but CER chairman Peter Day said on Wednesday there was no indication when there would be a decision.

The company is seeking approval before December 15, when CNP has $2.9 billion in debt set to mature.

“The court has reserved its decision and the hearing was adjourned until a date to be determined,” Mr Day told the company’s annual general meeting in Melbourne on Wednesday.

“We will, obviously, update the market on the court’s decision as soon as we are made aware.”