Reg-After Sale bank payment not received

Your legal rights of remedy will depend on the terms and conditions of the agreement entered between the parties. You should immediately consult an advocate. 

Why you are in such a hurry if you/ your father is interested in sale of the property ? Better to wait for arrangement of balance of consideration through loan by the purchaser.

As per terms and conditions of agreement, which have not been perused, you can invoke the condition to revoke the agreement, if it is covenented. 

Sir, i am in no hurry ! It's just that i wanted to have an legal opinion on if purchaser delays payment of balance amount, Should we need to do anything or we should wait ?

If you do not strictly observe the terms and conditions of the registered agreement or if you condone any act, adverse to the agreement, of the purchaser you may turn out to be the loser. You had better consult a practicing advocate in your own interest.

Just wait for few more weeks before you approach a local prudent lawyer for professional advise and necessary proceeding.

Thank you for your valuable response!!

The outstanding  sale consideration is a charge on the property. Your father is entitled to initiate a civil action, within the period of limitation to realise the said amount with interest. There is nothing to be concerned.