In a pan heat butter and oil together. Once hot, add cumin seeds, green chili and garlic.
Once the garlic is aromatic, add onion and peppers. Mix well and sauté for a minute.
Next add carrots and peas. Mix well.
Add garam masala, red chili powder, turmeric powder, amchoor (if using), salt and sugar. Mix well.
Let the masalas cook for a few minute. Then add tomato ketchup and tomato paste. Mix with the rest of the ingredients.
Now add tomatoes and paneer. Also add kasoori methi. Mix well till everything is coated with the masalas.
Turn off the flame and serve topped with some cilantro and lime juice.
This paneer jalfrezi tastes best with naan, parathas or roti.