A group of Hudson's Bay landlords say a lender's desire to recoup cash is the only reason the shuttered department store is pursuing a plan to sell its leases to a B.C. billionaire.

In new court documents filed late Monday, the landlords say the retailer is keen to make a sale of 25 leases to Ruby Liu happen because of Pathlight Capital LP.

The group of landlords, including Cadillac Fairview and Oxford Properties, point out that Pathlight is the only creditor in favour of the sale and posits that its support stems from the lender wanting its share of Liu's $69.1-million offer.

"All HBC seeks to do here is squeeze out more money for Pathlight," the landlords say in their joint filing. WATCH | Ruby Liu reveals plans for stores:

B.C. billionaire Ruby Liu shares her vision for former Hud

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