Found that the function GFForms::process_exterior_pages() in Gravity Forms plugin was executing exit() before the function GFDirectory_EditForm::process_exterior_pages written in Gravity forms directory plugin code.
Changed action priority so that the process_exterior_pages written in directory plugin executes first.
Issue - https://wordpress.org/support/topic/gravity-directory-column-editor-not-working/
Found that the function GFForms::process_exterior_pages() in Gravity Forms plugin was executing exit() before the function GFDirectory_EditForm::process_exterior_pages written in Gravity forms directory plugin code.
Changed action priority so that the process_exterior_pages written in directory plugin executes first.