Paneer makhanwala is a fully loaded buttery dish in a thick, onion-tomato-butter-cream sauce and ever so popularly ordered dish in a restaurant. It's an excellent dish to serve guests at your house and make them feel Royal. Yes, royal because this paneer makhanwala dish IS a dish fit for a King/Queen. Usually paneer makhanwala recipes are tad on a sweeter side, but I have tried to make a small difference to the dish by drizzling spiced butter over the makhanwala gravy. Check the recipe for yourself and do give it a try. You won't be disappointed :).
Whip butter with garlic powder, onion powder, and red chili flakes till smooth.
Cut paneer in chunks of similar size.
Soak cashews in 1/2 cup hot milk. Blend in mixer till smooth, puree along with 1/4 cup cream and green chili paste.
Heat a skillet and add spicy butter and tablespoon of olive oil. Once butter melts, add the paneer and shallow fry till slightly colored from all sides.