1.Heat half the oil in a 6-litre (24-cup) pressure cooker; cook chicken, in batches, until browned all over. Remove from cooker.
2.Heat remaining oil in cooker; cook onion, garlic and capsicums, stirring, until onion softens. Add paste; cook, stirring, 1 minute. Return chicken to cooker with wine, stock, bay leaves and thyme sprigs; secure lid. Bring cooker to high pressure. Reduce heat to stabilise pressure; cook 15 minutes.
3.Release pressure using the quick release method (see below); remove lid. Season to taste. Serve sprinkled with chopped thyme.
If you have an electric pressure cooker you won’t need to reduce the heat to stabilise pressure, your cooker will automatically stabilise itself. Always check the manufacturer’s instructions before using. QUICK RELEASE METHOD Each time the lid is removed from the cooker, the pressure must be released quickly first. Use tongs (steam can burn your fingers) to turn the pressure valve on top of the cooker to open the valve and release the steam. We use this method when adding ingredients and when checking the food toward the end of cooking time. This recipe is suitable to freeze.