Heat ghee in a large frying pan over medium-high heat.
Add bay leaves and 1 cinnamon stick.
Add onions and green chilies. Sauté, stirring occasionally, for about 2-3 minutes or until browned.
Add mutton and red chili powder. Stir to combine.
Saute, stirring, for about 2-3 minutes.
Add yogurt. Stir to combine.
Add rice, 1 and ½ cups yakhni and lemon juice. Stir gently. Season with salt.
Increase heat to high. Bring to a boil.
Reduce heat to low.
Cover with lid.
Simmer for about 10-15 minutes or until rice is tender and liquid is absorbed.
Garnish with fried onions.