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Super sub Kwame Peprah scored in the 88th minute as the Blasters beat East Bengal 2-1.
Kerala Blasters will take on East Bengal in their second home match of the season in Kochi on Sunday.
Anwar Ali, East Bengal and Delhi FC, are all jointly 'iable' for the compensation amount.
Shillong Lajong defeated East Bengal 2-1 in a quarterfinal.
Supporters of the two clubs held each other's flags and raised slogans demanding justice for the victim's family, with a huge contingent of the police keeping a vigil on the situation.
The 23-year-old played 71 matches for Blasters and scored two goals.
Chenniayin, who have 27 points and have a game remaining, joined Mumbai City FC, Mohun Bagan Super Giant, FC Goa, Odisha FC and Kerlaa Blasters in the playoffs.
East Bengal have 24 points from 21 matches and edged past Chennaiyin FC on goal difference into the sixth spot.
Saul Crespo and Naorem Mahesh Singh scored a brace each for East Bengal who kept their play-off hopes alive.
The Mariners and their imperious frontline put on a full-throttle attacking showpiece in the first half where they hit the back of the net thrice to push the Red & Gold Brigade back early on in the proceedings.
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