Take a plate or a large bowl, and add oil, black and white salt, red chili powder, coriander powder, cumin powder, fenugreek leaves, and turmeric powder.
Give them a nice mix, add the raw paneer to the marination, and coat it nicely.
Add oil in a pan, once heated, add the marinated paneer, and fry it on medium flame till it is brown. Set it aside for further use.
Heat oil in the pan, add cumin seeds, let it crackle, and then add onions. Saute till translucent.
Now add ginger-garlic paste, red chili powder, coriander powder, turmeric powder, pav bhaji masala, and saute. Add some water so as to not burn any spices.
Add the tomatoes, sprinkle some salt, mix them well, and cook till the tomatoes have softened.
Add green capsicum, and cook it for 5-6 mins.
Then add cashew nut paste, and cream, and mix them well, and add the fried paneer into the mix, and saute it well.
Finally, add coriander leaves as garnish, and your Paneer Takatak is ready to serve.