Heat oil in a wide pan and add cubed onion, tomato, capsicum and chilli (slit lengthwise). Cook till it becomes soft, no need to change colour. Cook for 1-2 mins.
Add all the sauces, salt and pepper powder. Mix well.
Add cornflour and mix well. Bring it to boil and reduce flame to the lowest.
Add paneer pieces. Gently mix well. Make sure the paneer pieces are coated well with the sauce.
Add chopped coriander leaves. Serve with Rice,Chicken Noodles, Veg Noodles, Pulao or Roti.
Notes
You can use fresh or frozen paneer for this. If using frozen paneer, thaw as per package instructions and follow the recipe. I didnt have green chilli with me, so I used fresh red chilli. There is no ginger garlic in this recipe, dont worry, it's not that I've forgotten to write it ;)