Acts of the Trustee Committee not to be invalidated by vacancy, defect or irregularity

No act done or proceedings taken under this Act or the rules made there under, by the Trustee Committee, shall be invalid merely by reason 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 proceedings not affecting the merit of the case.