An Indian court blocked Future Group's sale of a swathe assets to rival Reliance Industries on Tuesday after Amazon raised objections to the $3.4 billion deal in a battle of the retail titans that could reshape the shopping sector. The decision is a setback for Future, the country's second-largest retailer with over 1,700 stores, which agreed to sell its retail businesses to market leader Reliance last year. It has said it could face liquidation if the deal falls through, Reuters reported. U.S. online giant Amazon, which had its sights set on ultimately owning part of the retail assets itself, argued a 2019 deal it had with a unit of Future contained clauses prohibiting the Indian group from selling them to anyone on a "restricted persons" list including Reliance. The corporate battle has embroiled sprawling businesses led by two of the world's richest men – Amazon's Jeff Bezos and Reliance's Mukesh Ambani.