I am not able to find status bar toggle option and it is disabled by default, is this feature removed? I am currently using 4.4.5

What do you mean by, "it is disabled by default"?

The View -> Show Status Bar item is under the View -> Lock Guides option in the View menu.

The Show Status Bar toggle action is also the keyboard shortcuts, Settings -> Configure Krita -> Keyboard Shortcuts type "Status" in the Search box at the top to find it.