A group of Hudson’s Bay Co. senior lenders led by ReStore Capital LLC has asked the Ontario Superior Court of Justice to terminate the retailer’s plan to transfer up to 28 store leases to B.C. billionaire Weihong (Ruby) Liu and to install a “super monitor” with expanded powers to oversee the company’s liquidation. In court filings dated 8 July, ReStore argues that landlord resistance has stalled the deal—only three leases, worth about C$6 million, have been approved—while Hudson’s Bay continues to pay rent and professional fees on vacant properties. The lenders say roughly C$2.5 million has already been spent on rent and forecast a further C$7.5 million through mid-August, calling the outlays “uneconomical and imprudent.” They also point to about C$18 million spent on removing signage and other costs that have eroded collateral meant to repay creditors. ReStore, which arranged a US$151 million term loan for Hudson’s Bay last December, contends that management has mismanaged the wind-down and is asking the court either to broaden the court-appointed monitor’s authority or, failing that, to appoint Richter Consulting Inc. as receiver. Hudson’s Bay, which sought creditor protection on 7 March under the Companies’ Creditors Arrangement Act with about C$1.1 billion in debt, says it has balanced stakeholder interests and will respond to the motion.