Peel and wash the bottle guard, cut into thin round slices and shred them lengthwise. Keep aside.
Heat 1 tbsp oil, fry badis till golden. Keep aside.
Heat the remaining oil, add the paanch phoron and dry red chilies. When the spices start spluttering, add the chopped bottle guard. Sprinkle a little salt and sugar. Turn the heat to low and let the gourd cook in its own juices.
When the gourd starts turning tender, add the peas and green chillies. Keep cooking till the water has almost dried up.
Add sugar and salt to taste. Add the fried badis and cook for another 2-3mins.
Add the chopped coriander leaves and finish with the ghee. Serve with rice.