Grind peppercorns and cumin seeds for masala in a coffee/spice grinder. Transfer to a food processor with the rest of the masala ingredients and process until you have a masala paste.
Heat 1 tablespoon of the oil in a large pot. Add bay leaf, cinnamon and cardamom. Fry for 1 minute.
Add masala and fry until onions start to change color.
Add onion, bell pepper, celery, carrot, cauliflower, green peas and rice. Stir fry for 1 minute.
Add raisins, garam masala, salt and 2 cups water. Bring to a boil. Reduce to a simmer and cook for 20-25 minutes, until all the water has been absorbed and the rice is tender.
Meanwhile, heat 2 tablespoons of oil in a skillet. Add paneer and fry until golden brown on all sides.
Add paneer to rice and adjust salt, if necessary. Stir to combine.
Notes
Can be made with either fresh vegetables or frozen vegetables.