On Friday, FEL had informed 99.97 per cent of its secured creditors had voted against the scheme to sell Future group's - retail, wholesale, logistics and warehousing assets to Reliance Industries' retail arm. Following this Reliance Industries on Saturday said the transaction cannot go ahead as secured creditors have voted against it. As per the scheme between Future Group and Reliance Retail, 19 companies of the former were proposed to be consolidated into one entity -- Future Enterprises Ltd (FEL)-- and then transferred to Reliance Retail Ventures Ltd (RRVL). RRVL is the holding company of all the retail companies under the RIL Group. Another Future group firm Future Retail Ltd (FRL) had also informed on April 1, the due date for repayment of Rs 5,322.32 crore to lenders on account of the ongoing litigations with e-commerce major Amazon and other related issues.