The US Bankruptcy Court gave an order approving the sale of the substantially all the assets of Cascades Holding US Inc. on July 15, 2019. The debtor has been authorized to sell substantially all its assets to Cascades Holding US Inc, for a purchase price of $207 million plus he DIP amount, plus the health care amount etc. At the auction held, Cascades Holding US Inc., emerged as the winning bidder by offering a purchase price of $207 million.