Crack open the apricots seeds and remove the kernels and blanch them. Drain the apricots and reserve the water. Heat a deep non-stick pan.
Add the soaked apricots, reserved water and sugar. Stir well and cook for 3-4 minutes. Press the apricots a bit and cook for a few more minutes or till they are slightly mashed.
Separate a portion of the cooked mixture and cool slightly. Blend this into a puree. Add puree to apricots in the pan, mix well and cook till the mixture thickens. Pour into individual glasses and top with malai.
Sprinkle apricot kernels and serve either at room temperature or chilled.