Set Instant Pot in saute mode and add oil. Once it heats, add cumin seeds and bay leaf.
Once the cumin seeds begin to sizzle, add ginger, garlic, and green chili. Saute for one minute.
Add the onions and saute for 3-4 minutes or until the onions are translucent.
Add the canned tomatoes, ground turmeric, red chili powder, ground cumin, ground coriander, sugar, and salt. Mix well and saute for 3 minutes.
Add the soaked chickpeas along with 3 cups of water. Mix well and deglaze the pot.
Secure the Instant Pot and set the vent to the sealing position. Put it in Bean/Chili for 20 minutes.
Do a natural pressure release for 10 minutes, then do a quick release. Carefully open the lid.
Top with garam masala, cilantro, and lemon juice. Mix well and serve.