Ruby Liu, a billionaire trying to purchase 25 former Hudson's Bay store leases, speaks with media as she arrives at court in Toronto on Friday.

A lawyer for one of several mall owners fighting a plan to sell 25 former Hudson’s Bay store leases to B.C. billionaire Weihong (Ruby) Liu told a court hearing that Ms. Liu’s plan to launch a chain of department stores is “doomed to fail,” and accused her of submitting “unreliable” financial forecasts for the business.

The insolvent retailer is seeking court approval for the proposed $69.1-million deal to hand over the shuttered locations to Ms. Liu, who has said she wants to launch stores named after herself in British Columbia, Alberta and Ontario.

But that plan instigated a legal fight, over opposition from a number of major landlords – inclu

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