Act of Trustee Committee not to be invalidated by vacancy, defect, etc.

No act done or proceedings taken under this Act or the rules made thereunder by the Trustee Committee shall be invalidated merely by reasons of- (a) any vacancy or defect in the constitution of the Trustee Committee; or (b) any defect or irregularity in the nomination of any person as a member thereof; or (c) any defect or irregularity in such act or proceeding not affecting the merits of the case.