Heat oil in a heavy bottomed pan. Add mawa and sauté on low heat, stirring continuously, till it changes colour. Add red chilli powder, coriander powder, fennel powder, garam masala powder and mix well.
Add tomatoes and salt and cook till tomatoes soften. Add cashewnut paste and continue to sauté for a minute. Add green peas and green chillies.
Add one cup of water and cook till oil separates. Serve hot garnished with coriander leaves.