Put instant pot on sauté high mode. Add ghee and let it get hot, add cumin seeds and fry well.
Add onions and green chili, sauté, then add tomatoes, fry till mushy.
Add in the spice powders and salt, mix well, then add in the spinach, water and mix. Turn off sauté mode.
Put the lid, vent to sealing position. Do manual high 2 minutes and Quick release after 2 minutes in warm mode.
Now grind the spinach onion tomato mix using a hand blender or in a regular blender to a fine paste. Add in more water to desired consistency and put on saute mode high for 5 minutes or so.
Add garam masala and mix, then add in the Toasted or untoasted paneer cubes and simmer for 2 to 4 minutes.