Heat oil in a pan. Once hot, add cubed carrots and sauté until fork-tender.
Add corn kernels and sauté for 1-2 minutes.
Stir in green peas and sauté for additional 2 minutes over medium heat.
Stir in diced bell pepper and chopped onions.
Sauté until the onions are soft and translucent.
Stir in salt and mix it well.
Now add blanched spinach leaves.
Sauté for additional 2-3 minutes over medium-low heat with intermittent stirring until the spinach and vegetables are cooked, and all the moisture has evaporated. The veggies should feel dry (but slightly greasy) when touched.
Stir in all the dry spices.
Sauté the veggies with the spices for 1 minute over a medium-low flame. Take the spinach-veggie mix off the heat and allow it to cool.
Once cooled, transfer it to a food processor.
Add curry leaves, green chilies, cilantro leaves, coconut powder, and crumbled paneer to the food processor.
Pulse the mixture until it looks like thick, creamy and dark green paste.