Heat the oil in a pan over medium heat, add the onion, garlic, red pepper flakes and fennel and cook onions until tender.
Add dice cut paneer and cook through, stir often.
Add the tomatoes, fine chopped spinach, Italian seasoning, bay leaf, paprika, salt and pepper, bring to a boil, reduce the heat, simmer until it thickens.
Turn off heat and add basil.