The recent ruling of the Supreme Court to cancel 2G licenses issued during Mr A Raja's time (of the infamous 2G scam) has been applauded by many. It has been seen as a victory of governance over greed. But it has also been criticised severely by another section of the society. This section states that the decision would hurt investor sentiment as there are a lot of foreign investors involved in this and the amounts invested by them are huge. Undoubtedly, the amount at stake was large as today's chart of the day shows. But the apex court's decision is not to try and hurt investors. It is to punish those who sought to obtain the licenses through any mean possible, even if it meant the wrong way. And it is not that every foreign company that holds a telecom license has been punished. After all, the judgeme nt has not affected the likes of Vodafone and Aircel (both companies have foreign party interests). The judgment is against those who did not even qualify for these licenses but went out of their way to make sure that they got a pie of the hitherto lucrative telecom sector.