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Is it permissible to resell a car after failing to receive payment as scheduled?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
I have sold my car @ taka 1350000 but he fails to pay in schedule time. can i sell to some one else now?

Answer

(Fatwa: 325/325/M=1432)

If the buyer seeks some more time and it is not harmful for you, you should give him some time and wait; it shall be counted as your good manner. If you feel that the buyer is delaying without any reason, you have the right to cancel the dealing and sell it to someone else. But if you have taken some price, return it.b

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.