Place the cottage cheese and red enchilada sauce in a high-speed blender or food processor.
Process until the mixture is completely smooth and creamy to create the protein sauce.
In a large skillet over medium heat, add the diced bell peppers and red onions, sautéing for 3 to 4 minutes until softened.
Add the shredded chicken, black beans, corn, and taco seasoning to the skillet, stirring to combine.
Pour the blended cottage cheese sauce over the chicken and vegetable mixture.
Lower heat and stir constantly for 2 to 3 minutes until the sauce is warmed through and has thickened slightly; do not allow it to reach a rolling boil.
Divide the mixture into two bowls.
Garnish with fresh cilantro and serve with lime wedges.