Problems with WCF Windows Web Services over nettcp bindings with callbacks in LR 12.02 and 12.50

I'm hitting a nettcp based WCF Service using LR VuGen 12.02 and Web Services protocol by importing the WSDL of the Service.

After composing a request and trying to send it, I'm getting the following error. which actually works fine from the WPF Client but fails from the LR VuGen Script

    Action.c(16): Error:The socket connection was aborted. This could be caused by an error processing your message or a receive timeout being exceeded by the remote host, or an underlying network resource issue. Local socket timeout was '00:59:59.9949990'. 
Error: An existing connection was forcibly closed by the remote host 

Server stack trace: 
   at System.ServiceModel.Channels.SocketConnection.ReadCore(Byte[] buffer, Int32 offset, Int32 size, TimeSpan timeout, Boolean closing)
   at System.ServiceModel.Channels.SocketConnection.Read(Byte[] buffer, Int32 offset, Int32 size, TimeSpan timeout)
   at System.ServiceModel.Channels.DelegatingConnection.Read(Byte[] buffer, Int32 offset, Int32 size, TimeSpan timeout)
   at System.ServiceModel.Channels.ClientFramingDuplexSessionChannel.SendPreamble(IConnection connection, ArraySegment`1 preamble, TimeoutHelper& timeoutHelper)
   at System.ServiceModel.Channels.ClientFramingDuplexSessionChannel.DuplexConnectionPoolHelper.AcceptPooledConnection(IConnection connection, TimeoutHelper& timeoutHelper)
   at System.ServiceModel.Channels.ConnectionPoolHelper.EstablishConnection(TimeSpan timeout)
   at System.ServiceModel.Channels.ClientFramingDuplexSessionChannel.OnOpen(TimeSpan timeout)
   at System.ServiceModel.Channels.CommunicationObject.Open(TimeSpan timeout)
   at System.ServiceModel.Channels.ServiceChannel.OnOpen(TimeSpan timeout)
   at System.ServiceModel.Channels.CommunicationObject.Open(TimeSpan timeout)
   at System.ServiceModel.Channels.ServiceChannel.CallOpenOnce.System.ServiceModel.Channels.ServiceChannel.ICallOnce.Call(ServiceChannel channel, TimeSpan timeout)
   at System.ServiceModel.Channels.ServiceChannel.CallOnceManager.CallOnce(TimeSpan timeout, CallOnceManager cascade)
   at System.ServiceModel.Channels.ServiceChannel.Call(String action, Boolean oneway, ProxyOperationRuntime operation, Object[] ins, Object[] outs, TimeSpan timeout)
   at System.ServiceModel.Channels.ServiceChannelProxy.InvokeService(IMethodCallMessage methodCall, ProxyOperationRuntime operation)
   at System.ServiceModel.Channels.ServiceChannelProxy.Invoke(IMessage message)

Exception rethrown at [0]: 
   at System.Runtime.Remoting.Proxies.RealProxy.HandleReturnMessage(IMessage reqMsg, IMessage retMsg)
   at System.Runtime.Remoting.Proxies.RealProxy.PrivateInvoke(MessageData& msgData, Int32 type)
   at HP.WcfRouter.IUniversalContract.Send(Message message)
   at HP.WcfRouter.WcfRouter.DoRequestInternal(Boolean isOneWay, Dictionary`2 context)
Action.c(16): Error:InvokeMethod failure: External component has thrown an exception..
Action.c(16): Error:ExtractResultArg failure: Object reference not set to an instance of an object..
Action.c(16): Error:Web service call "GetTopicsByUserID" execution failed

I have tried out many suggestions relevant but with no luck For your reference: Increasing Timeouts and maxItemsInObjectGraph and many more such posts on StackOverflow such as Socket Connection Aborted-StackOverflow post

I have posted this on StackOverflow and James Pulley replied back but I'm not able to build a custom solution using Visual Studio as it is very complex

Can you please let me know if LR VuGen 12.02 is compatible with nettcp binding and callbacks and if yes how to fix the issue

This is how I configured the Security settings based on the WSDL Description