Jayachandran was arrested earlier for his role in awarding the contract to the Swiss firm at an exorbitant cost of over Rs 141 crore, causing a loss of over Rs 95 crore to the state exchequer.
Special Judge Talwant Singh allowed ED's plea to examine and record statement of Jayachandran, who is presently in jail under judicial custody.
"I am of the view that for proper investigation of the case registered by the ED, it is necessary that accused M Jayachandran is examined and his statement is recorded. The application filed by the ED is allowed," the court said, adding that the ED would file a compliance report in this regard within a month.
In an application filed through its prosecutor Naveen Kumar Matta, ED submitted that on the basis of FIR registered by the CBI against Jayachandran, they have also registered a case and his statement is necessary for further to probe into the case.
Jaychandran is in jail since June 4 after he had surrendered a day earlier to the court which had issued a non-bailable warrant against him for his alleged involvement in the TSR scam on May 23. The court had earlier dismissed his bail plea saying he was "deeply involved" in the case.