Mynampati is in the US to talk to clients and reassure them of the company's ability to continue serving them, besides restoring confidence among employees in the aftermath of a Rs 7,800 crore financial fraud disclosed by founder Ramalinga Raju last week.

Chawla said there is no immediate plan for a government bailout for Satyam, although Commerce and Industry Minister Kamal Nath had indicated that the government was willing to extend financial support to the company.

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"Not at this stage," Chawla said when asked if the government would offer any bailout to the IT firm now. Asked if the new board has already approached the government for Rs 150 crore assistance he said: "Board members have got down to work... they will be getting in touch with the Ministry of Corporate Affairs."

The company's new board, comprising Deepak Parekh, Kiran Karnik and C Achuthan, had agreed on meeting financial needs as a top priority.

On whether the government would provide any indirect support to Satyam, Chawla said: "It depends on the board coming to kind of conclusion; what is their requirement and the actual accounts indicating what it is". He said the real picture on the company's 'receivables' has to the revealed.