@Rajiv Ranjan Form recognizer studio is currently in preview and uses the form recognizer 3.x version of the API whereas the labeling tool uses 2.x version of the API.
3. x version of the form recognizer API will have some breaking changes so it will not be compliant with the labeling tool. However, you can still use the form recognizer studio with projects created in the labeling tool by creating a new project in the studio and pointing the storage connection to the blob container used with the labeling tool.
In any case, while using the SDK for python or any other language you will be able to list all custom models registered for your resource based on the endpoint and credentials used. If you are seeing no models listed above, you can cross check with the studio or just use the respective 2.x or 3.x REST API reference page to list the models using the subscription key of your resource. I hope this helps.
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