Home for family is a basic 'human yearning': SC

The Supreme Court observed that having a house for a family was a "basic human yearning" wherein hard earned money was invested in the hope of obtaining a roof over their heads.

A bench headed by Chief Justice Dipak Misra made the observation in a verdict in which the apex court ordered re-commencement of resolution process against Jaypee Infratech Ltd (JIL) and barred the firm, its holding company and their promoters from participating in the fresh bidding process.

The bench, also comprising Justices AM Khanwilkar and DY Chandrachud, noted in its judgement that during the hearing in the matter, there was a unanimity that liquidation of JIL would not subserve the interests of the home buyers.

"The home buyers have made valuable investments by contributing hard earned monies in the hope of obtaining a roof over their heads. A home for the family is a basic human yearning," the bench said.

"In diverse contexts it (having a home) has been held by this court to be a part of the right to life, as a fundamental constitutional guarantee," it said.