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Todt -- president of the sport's ruling body, the International Motoring Federation (FIA) -- was Ferrari director when Schumacher won five of his seven world titles, and remains a close friend to the German driver and his family.
McLaren, who have used Renault engines since last year, have clinched a deal with Mercedes until at least the end of 2024, resurrecting a partnership that ran from 2005 to 2014.
A spokesman for the governing body FIA said the International Court of Appeal in Paris had found the Swiss-based team's protest was not admissible.
The 22-year-old was hit by Ecuadorian-American driver Juan Manuel Correa after he had already gone off into the barriers at the Spa-Francorchamps track's fast Raidillon corner.
The law enforcement agency also filed a case against one person Kamran, a resident of Gujranwala, who gave him shelter.
The arrest warrants were issued on Sunday by the NAB, the anti-corruption watchdog, which is probing them in the fake bank accounts case.
Juffali became the first Saudi female licence holder to compete in a series at the TRD86 Cup in Abu Dhabi last October.
The Briton, who started his career working for the Hesketh team in 1977, died in Melbourne of a pulmonary embolism.
On Tuesday Mission Winnow was removed from Ferrari's official name for the Australian Grand Prix on March 17 after local authorities launched an investigation into whether the team breached laws over tobacco advertising.
The German great has not been seen in public since he suffered severe brain injuries in a recreational skiing accident in the French Alps five years ago.