Correct option is B

Logic: 1st + 4 = 2nd and 1st +2 = 3rd letter
Option A: AEC
A + 4 = E
A + 2 = C
Option B: CHE
C + 5 = H
C + 2 = E (Not Follow)
Option C: LPN
L + 4 = P
L + 2 = N
Option D: TXV
T + 4 = X
T + 2 = V
So, the Odd one out is: (b)
Thus, the correct option is: (b)