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The Bombay High Court has refused to register an FIR against Sebi and BSE officials over a complaint by an investor, who claimed he lost money due to a company’s alleged fraudulent activities.

The court said that though the investor's claims of losing money due to a company's alleged fraudulent activities were "pitiable," it couldn't order registration of FIR.

An investor had approached the court complaining that he had lost money after investing in the company's shares on the Bombay Stock Exchange (BSE) due to the company's alleged fraudulent activities.

He further claimed that despite approaching Sebi and BSE officials, no action was taken.

The investor sought the court's intervention to direct Sebi and BSE officials to cooperate in the probe against the company and register an FIR.

The court said that it was not dismissing the investor's claims lightly, but it was not within the court's domain to interfere in the administrative domain of Sebi and BSE officials.

"The administrative domain of Sebi and BSE officials in handling complaints and taking action against companies is not an area where this court can intervene, unless there is a clear case of malfeasance, misfeasance or non-feasance on their part," the court said.

The court said that it was not clear from the investor's complaint that Sebi and BSE officials had acted maliciously or with an intention to defraud the investor.

"The investor's claims of losing money due to the company's alleged fraudulent activities are pitiable, but this court cannot order registration of FIR in such matters," the court said.

The court was hearing a petition filed by an investor, who had lost money after investing in the company's shares on the BSE.

The investor claimed that the company had committed several fraudulent activities, which led to a huge loss to him and other investors.

He said that he had approached Sebi and BSE officials several times to take action against the company and return the lost money to the investors.

However, despite repeated requests, no action was taken by Sebi and BSE officials, the investor claimed.

Following this, he approached the Bombay High Court seeking the court's intervention.

The court said that it was not dismissing the investor's claims lightly, but it was not within the court's domain to interfere in the administrative domain of Sebi and BSE officials.

"The administrative domain of Sebi and BSE officials in handling complaints and taking action against companies is not an area where this court can intervene, unless there is a clear case of malfeasance, misfeasance or non-feasance on their part," the court said.

The court said that it was not clear from the investor's complaint that Sebi and BSE officials had acted maliciously or with an intention to defraud the investor.

"The investor's claims of losing money due to the company's alleged fraudulent activities are pitiable, but this court cannot order registration of FIR in such matters," the court said.

The court said that it was not dismissing the investor's claims lightly, but it was not within the court's domain to interfere in the administrative domain of Sebi and BSE officials.

"The administrative domain of Sebi and BSE officials in handling complaints and taking action against companies is not an area where this court can intervene, unless there is a clear case of malfeasance, misfeasance or non-feasance on their part," the court said.

The court said that it was not clear from the investor's complaint that Sebi and BSE officials had acted maliciously or with an intention to defraud the investor.

"The investor's claims of losing money due to the company's alleged fraudulent activities are pitiable, but this court cannot order registration of FIR in such matters," the court said.