`performCutDetectionOnSelection` Is not a supported function with `AP-24.01`

Tried to `Apply Cuts` at the selection with the given script, used VS Code Debugger with `ExtendedScript Debugger`

	performCutDetection : function () {
		var activeSeq = app.project.activeSequence;
		if (activeSeq) {
			var sel = activeSeq.getSelection();
			if (sel) {
				var action 							= 'ApplyCuts';	//'ApplyCuts', 'CreateMarkers'
				var shouldApplyCutsToLinkedAudio	= true;
				var sensitivity 					= 'LowSensitivity'; //'LowSensitivity', 'MediumSensitivity', 'HighSensitivity'
				var result = activeSeq.performCutDetectionOnSelection(action, shouldApplyCutsToLinkedAudio, sensitivity);
			} else {
				$._PPP_.updateEventPanel("performCutDetection: Nothing selected, in sequence.");
			}
		} else {
			$._PPP_.updateEventPanel("performCutDetection: No active sequence.");
		}
	},

This is the exception caught and not able to proceed further