Char the Aromatics: Place whole tomatoes, red bell pepper, onion, and green chilies on a roasting rack over an open flame. Roast until the skins are completely blackened.
Steam and Peel: Place roasted veggies in a covered bowl for 5 minutes. Peel off the charred skin, remove cores/seeds, and set aside.
Blend the Base: In a high-speed blender, combine the peeled roasted veggies, soaked Kashmiri chilies, fresh garlic, and cashews. Blend until perfectly smooth.
Sear the Protein: Heat a skillet with olive oil. Sear the large paneer slabs until golden brown on both sides. Remove and slice into medium-sized cubes.
Flash-Fry Veggies: In the same hot skillet, toss the green bell pepper and onion triangles over high heat for 60 seconds until slightly charred but still crunchy. Remove and set aside.
Simmer the Sauce: In a pot, sauté ginger-garlic paste in oil. Pour in the blended Peri Peri sauce. Season with salt and pepper, cover, and simmer on low for 5 minutes.
Balance and Emulsify: Stir in the honey and lemon juice. Add a splash of hot water if the sauce is too thick to reach a coating consistency.
Combine: Fold the seared paneer, crunchy vegetables, and fresh cilantro into the sauce. Stir gently to avoid breaking the paneer.
Toss the Rice: In a separate large pan, melt butter. Add chopped cilantro and sauté for 30 seconds. Add the cooked rice and toss over medium heat for 2 minutes until glistening.
Plate: Serve the smoky Peri Peri Paneer immediately over a bed of fragrant Butter Cilantro Rice.