Firstly, Press Saute on Instant Pot. Add oil, and once it's hot, add bay leaf, cinnamon stick, cumin seeds, green chili, ginger-garlic paste. Saute for a few seconds till aromatic. Then add sliced onions. Saute for 2-3 minutes until they turn light brown in color-stir regularly.
Add tomato, turmeric powder, red chili powder, chana masala, biryani masala, mint, and cook for another 2-3 minutes.
Then add boiled chickpea, potato, yogurt, salt, and cook for another minute.
Add rinsed basmati rice, water, and give a stir.
Close the Instant Pot with pressure valve to Sealing. Cook on High Pressure for 6 minutes.
Do a Quick Release (QR). Remove lid away from you and lastly garnish with coriander leaves and lime juice.
Instant Pot Chole Biryani is ready. Serve with raita or plain yogurt.