⁍ India’s Future Retail Ltd (FRL) will go into liquidation if its deal to sell assets to Reliance Industries fails, the group told a Singapore arbitrator.

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⁍ Amazon on Sunday won an injunction from a Singapore arbitrator to halt FRL’s deal to sell assets to Reliance.

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⁍ The dispute centres around FRL’s decision in August to sell its retail, wholesale, logistics and some other businesses to Reliance for $3.38 billion, including debt.

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– In August, India’s Future Retail announced it was selling its retail, wholesale, logistics, and some other businesses to Mukesh Ambani’s Reliance Industries for $3.38 billion, including debt. Now Amazon is fighting back. Amazon on Sunday won an injunction from a Singapore arbitrator to halt FRL’s deal to sell assets to Reliance, the Guardian reports. Amazon alleged FRL breached contract provisions it entered into last year in a separate deal with the US firm. Future’s retail unit—which has more than 1,500 outlets—will need to pack up if the transaction with Reliance doesn’t go through, hitting the livelihoods of thousands of employees and workers at its vendor firms, the Indian group argued before the arbitrator, according to the order, which is not public. “If the disputed transaction falls through, FRL will go into liquidation. That will mean that the livelihoods of more than 29,000 employees of FRL will be lost,” the Indian group’s representatives told the arbitrator, per Reuters. Shares in Reliance and FRL fell on Monday. Both companies reacted to the arbitrator’s decision by saying they want to complete the deal ‘without any delay,’ setting the stage for a showdown between Reliance and Amazon—each led by one of the world’s richest men. A 130-page order by the arbitrator reveals how Jeff Bezos-led Amazon argued that Future breached agreements which barred it from selling retail assets to entities including Reliance, whose boss Ambani is Asia’s richest man. It also shows the level of concern at Future if the deal breaks, says a corporate lawyer.