to make kolhapuri masala:
in a heavy bottomed pan, roast all the listed ingrediants for kolhapuri masala on low flame until you can get aromatic smell coming from the spices
once roasted, transfer to a bowl and allow it to cool slightly
once the roasted spices cools down blend this to a fine powder
kolhapuri masala is ready, keep aside
to make paneer kolhapuri:
grind the tomatoes, green chilies, ginger and cashews in a mixer jar to make a fine paste
cut paneer into squares
heat oil in a pan and add cumin seeds
when it starts crackling add asafoetida and red chillies
next add tomato-cashew paste and saute until raw smell goes
add salt, red chili powder, turmeric powder, coriander powder and kolhapuri masala
add 2 tbsp water and cook until oil separates from the gravy
now add 1/2 cup water and let it simmer for few more minutes
add chopped coriander and paneer chunks
give a nice stir and then cook for 2-3 minutes
transfer paneer kolhapuri in a serving bowl
serve this super yummy paneer kolhapuri with rice, chapati, naan or paranthas