MTR Paneer Makhani is a popular punjabi dish made with paneer, tomatoes, cashews, spices & cream. Paneer refers to Indian cheese & makhan refers to butter. So paneer makhani translates to paneer cooked with butter. MTR Paneer Makhani (also called paneer butter masala) is a slightly sweet creamy dish of paneer, originating from the Indian subcontinent, in which the gravy is prepared usually with butter (makhan), tomatoes, cashews, or cream. The Paneer Makhani Recipe is an all-time favorite north Indian dish that is cooked in a rich tomato-based gravy. The subtle blend of spices like cardamom, dried fenugreek leaves, and cream adds to the richness and flavor of the Makhani recipe.