Assemble: all the ingredients. For boiled lauki paste see the link above.
Dice Paneer cubes and boil peas till they are soft and tender. Drain and set aside.
Heat and grease a griddle, spread out paneer cubes and cook till they are evenly brown from all the side. Remove and set aside.
In a pan heat oil and cumin seeds.When they start to sputter add tomato paste, boiled lauki paste, cashew paste and curd. Mix it well.
Stir in all the spices and mix.
Cook for 3-4 minutes till the masala is all dried up and cooked thoroughly.
Add water and bring it to a boil. Depending on how thick you want your gravy to be add 1/4-1/2 cup of water.
Bring it to a boil.
Add in boiled peas.
Cover and allow it to simmer for 4-5 minutes.
This is how the gravy will look like - well blended and thick.
Mix in Paneer cubes, cover and remove from the flames. Allow it to sit soaked in hot gravy for 5 minutes.
Adjust your seasonings and serve hot over boiled rice.