Those with short memories may think that the WTC is the first win by NZ in a major ICC tournament. It is not. And NZ had beaten India in that final as well.
The Champion’s Trophy started off as the ICC Knockout Championship in 1998 and 2000.
In 2000, all matches were played at Nairobi. In the semi-finals, India won against SA and NZ won against Pakistan.
In the final, India put up 264/6 (with captain Ganguly making 117). The Indian team probably thought they had this trophy in hand when NZ was 132/5 in the 24th over.
However, Chris Cairns and Chris Harris had other ideas.
https://www.espncricinfo.com/series/icc-knockout-2000-01-61073/india-vs-new-zealand-final-66179/full-scorecard