TORONTO — Hudson's Bay landlords were back in court Friday arguing a B.C. billionaire doesn't have the cash needed to launch a new retailer.

Ruby Liu wants to buy 25 Bay leases for $69.1 million and open a new department store named after herself. Court has already approved a separate purchase of three Bay leases in malls she owns for a total $6 million.

The Bay wants to sell her the leases because it will help the retailer repay some of the roughly $1 billion it owes creditors. It says the larger Liu deal is the "last path to realizing any value for the company’s 98 leases.”

Hudson's Bay has argued that Liu has the money she will need to launch and run a department store. The retailer has accused the landlords of painting her business plan and experience as insufficient because it's in

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