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Combine the sweet corn and ½ cup of water in a mixer and blend till smooth. Keep aside.
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Heat 2 talsp of oil in a broad non-stick pan, add the paneer and capsicum and sauté on a medium flame for 2 minutes. Remove and keep aside.
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In the same broad non-stick pan, heat the remaining 1 tbsp of oil and add the cumin seeds and asafoetida.
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When the seeds crackle, add the ginger and green chillies and sauté on a medium flame for a few seconds.
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Add the corn mixture, ½ cup of water and salt, mix well and cook on a medium flame for 2 to 3 minutes, while stirring occasionally.
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Add the sautéed paneer and capsicum, mix well and cook on a medium flame for another 2 minutes, while stirring occasionally.
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Add the coriander and mix well.
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Serve hot with parathas.