Heat oil and ghee in a non-stick, heavy bottom pan. When oil is little hot, add cumin seeds, bay leaf, dry red chilies and cinnamon stick.
Add green chilies and onions, saute well for 2 minutes. Add ginger garlic paste and saute for another minute or so.
Add tomatoes and saute until oil starts to separate.
Add all the dry spices and salt.
Add chopped bell peppers. Don’t cook them too much. You need them crunchy.
Add grated paneer. Mix well. Add little water if you want little gravy.
Add kasoori methi. Mix well. Check the seasonings and adjust according to your taste.
Add fresh coriander leaves to garnish and serve hot with naan or parathas or rotis.