The regulatory approval for the Future Group’s asset sale to Reliance Industries, worth $3.4 billion has been stopped by the Indian Supreme Court. This move has effectively halted the deal and has marked the victory for Amazon.com that indeed wanted to scuttle the transactions in its bid to govern the country’s retail sector.

Coming in term with the American e-commerce giant’s petition, on Monday the court has overturned a lower court’s ruling and stopped India’s company tribunal from approving the transaction until further orders are passed. Furthermore, the court has issued notices to Future Retail demanding written statements on Amazon’s petition. Justice Rohinton F. Nariman who’s heading the two-judge panel said the court will hear the case again after five week.

However, the latest verdict restores the legal advantage for Jeff Bezos-founded Amazon that secured an interim stay on the deal from a Singapore arbitration tribunal in October after accusing the Future Group of violating a partnership contract when it agreed to sell assets to billionaire Mukesh Ambani’s conglomerate last year.

However, the Monday order endangers Future Retail Ltd., that is struggling to give debt and has warned of insolvency.