Failed to invoke chaincode name:"lscc" , error: container exited with 1: chaincode registration fail

I am trying to create a single org, single ca, single peer network, bootstrapped by the nodejs-sdk. I have used this sample for reference.

When I try to instantiate() the chaincode I get this error in the peer accessed by docker logs ax-peer

2019-06-02 13:21:51.395 UTC [ledgermgmt] CreateLedger -> INFO 028 Created ledger [default] with genesis block
2019-06-02 13:21:51.401 UTC [gossip.gossip] JoinChan -> INFO 029 Joining gossip network of channel default with 1 organizations
2019-06-02 13:21:51.401 UTC [gossip.gossip] learnAnchorPeers -> INFO 02a No configured anchor peers of AxOrgMSP for channel default to learn about
2019-06-02 13:21:51.529 UTC [gossip.state] NewGossipStateProvider -> INFO 02b Updating metadata information, current ledger sequence is at = 0, next expected block is = 1
2019-06-02 13:21:51.531 UTC [sccapi] deploySysCC -> INFO 02c system chaincode lscc/default(github.com/hyperledger/fabric/core/scc/lscc) deployed
2019-06-02 13:21:51.532 UTC [cscc] Init -> INFO 02d Init CSCC
2019-06-02 13:21:51.532 UTC [sccapi] deploySysCC -> INFO 02e system chaincode cscc/default(github.com/hyperledger/fabric/core/scc/cscc) deployed
2019-06-02 13:21:51.532 UTC [qscc] Init -> INFO 02f Init QSCC
2019-06-02 13:21:51.532 UTC [sccapi] deploySysCC -> INFO 030 system chaincode qscc/default(github.com/hyperledger/fabric/core/scc/qscc) deployed
2019-06-02 13:21:51.532 UTC [sccapi] deploySysCC -> INFO 031 system chaincode (+lifecycle,github.com/hyperledger/fabric/core/chaincode/lifecycle) disabled
2019-06-02 13:21:51.533 UTC [endorser] callChaincode -> INFO 032 [][4f292791] Exit chaincode: name:"cscc"  (656ms)
2019-06-02 13:21:51.533 UTC [comm.grpc.server] 1 -> INFO 033 unary call completed grpc.service=protos.Endorser grpc.method=ProcessProposal grpc.peer_address=172.21.0.1:50128 grpc.code=OK grpc.call_duration=657.290863ms
2019-06-02 13:21:51.541 UTC [endorser] callChaincode -> INFO 034 [][3ae34d18] Entry chaincode: name:"lscc" 
2019-06-02 13:21:51.542 UTC [endorser] callChaincode -> INFO 035 [][3ae34d18] Exit chaincode: name:"lscc"  (0ms)
2019-06-02 13:21:51.542 UTC [comm.grpc.server] 1 -> INFO 036 unary call completed grpc.service=protos.Endorser grpc.method=ProcessProposal grpc.peer_address=172.21.0.1:50128 grpc.code=OK grpc.call_duration=940.979µs
2019-06-02 13:21:51.550 UTC [endorser] callChaincode -> INFO 037 [default][17bf8e2d] Entry chaincode: name:"lscc" 
2019-06-02 13:21:51.550 UTC [endorser] callChaincode -> INFO 038 [default][17bf8e2d] Exit chaincode: name:"lscc"  (1ms)
2019-06-02 13:21:51.550 UTC [comm.grpc.server] 1 -> INFO 039 unary call completed grpc.service=protos.Endorser grpc.method=ProcessProposal grpc.peer_address=172.21.0.1:50128 grpc.code=OK grpc.call_duration=1.690033ms
2019-06-02 13:21:51.709 UTC [endorser] callChaincode -> INFO 03a [][bc977c1f] Entry chaincode: name:"lscc" 
2019-06-02 13:21:51.710 UTC [lscc] executeInstall -> INFO 03b Installed Chaincode [ax-chaincode] Version [v2] to peer
2019-06-02 13:21:51.710 UTC [endorser] callChaincode -> INFO 03c [][bc977c1f] Exit chaincode: name:"lscc"  (1ms)
2019-06-02 13:21:51.710 UTC [comm.grpc.server] 1 -> INFO 03d unary call completed grpc.service=protos.Endorser grpc.method=ProcessProposal grpc.peer_address=172.21.0.1:50128 grpc.code=OK grpc.call_duration=1.329134ms
2019-06-02 13:21:51.738 UTC [endorser] callChaincode -> INFO 03e [default][c3bbc09e] Entry chaincode: name:"lscc" 
2019-06-02 13:21:57.532 UTC [gossip.election] beLeader -> INFO 03f 7da5b667471b7350114ff369dd11eda7255c2c9de61dc64915fa01b0ca730def : Becoming a leader
2019-06-02 13:21:57.532 UTC [gossip.service] func1 -> INFO 040 Elected as a leader, starting delivery service for channel default
2019-06-02 13:22:10.692 UTC [endorser] callChaincode -> INFO 041 [default][c3bbc09e] Exit chaincode: name:"lscc"  (18954ms)
2019-06-02 13:22:10.692 UTC [endorser] SimulateProposal -> ERRO 042 [default][c3bbc09e] failed to invoke chaincode name:"lscc" , error: container exited with 1
github.com/hyperledger/fabric/core/chaincode.(*RuntimeLauncher).Launch.func1
    /opt/gopath/src/github.com/hyperledger/fabric/core/chaincode/runtime_launcher.go:63
runtime.goexit
    /opt/go/src/runtime/asm_amd64.s:1333
chaincode registration failed
2019-06-02 13:22:10.693 UTC [comm.grpc.server] 1 -> INFO 043 unary call completed grpc.service=protos.Endorser grpc.method=ProcessProposal grpc.peer_address=172.21.0.1:50128 grpc.code=OK grpc.call_duration=18.955253529s

No additional logs are being registered by the orderer. My code is as follows

const createClientInstance = async () => {
  let myClient = new client();
  const ordererConfig = {
    hostname: 'orderer0',
    url: 'grpc://localhost:7050',
    pem: readCryptoFile('ordererOrg.pem')
  };
  const orderer = myClient.newOrderer(ordererConfig.url, {
    pem: ordererConfig.pem,
    'ssl-target-name-override': ordererConfig.hostname
  });

  let peerConfig = {
    hostname: 'ax-peer',
    url: 'grpc://localhost:7051',
    eventHubUrl: 'grpc://localhost:7053',
    pem: readCryptoFile('axOrg.pem')
  };
  const defaultPeer = myClient.newPeer(peerConfig.url, {
    pem: peerConfig.pem,
    'ssl-target-name-override': peerConfig.hostname
  });
  myClient.setStateStore(await client.newDefaultKeyValueStore({
    path: './ax-peer'
  }))

  let user = await myClient.getUserContext('admin', true);
  if (user && user.isEnrolled()) {
    console.log('Existing admin user used');

  } else {
    let url = 'http://localhost:7054'
    const ca = new CAClient(url, {
      verify: false
    });

    let enrollmentID = 'admin';
    let enrollmentSecret = 'adminpw';
    const enrollment = await ca.enroll({
      enrollmentID: 'admin',
      enrollmentSecret: 'adminpw'
    });
    user = new User(enrollmentID, myClient);
    await user.setEnrollment(enrollment.key, enrollment.certificate, 'AxOrgMSP');
  };
  await myClient.setUserContext(user);

  let adminUser = await myClient.createUser({
    username: `Admin@ax-peer`,
    mspid: 'AxOrgMSP',
    cryptoContent: {
      privateKeyPEM: readCryptoFile('Admin@ax-org-key.pem'),
      signedCertPEM: readCryptoFile('Admin@ax-org-cert.pem')
    }
  });
  let channelRes = await myClient.queryChannels(defaultPeer);

  // Create a new channel. Does not make you join it though
  let txId = myClient.newTransactionID();
  let envelope_bytes = fs.readFileSync('./channel.tx');
  var channelConfig = myClient.extractChannelConfig(envelope_bytes);
  let signature = myClient.signChannelConfig(channelConfig);
  const request = {
      name: 'default',
      orderer: orderer,
      config: channelConfig,
      signatures: [signature],
      txId: txId
    };

    await myClient.createChannel(request);
    let channel = myClient.newChannel('default');
    channel.addOrderer(orderer);
    channel.addPeer(defaultPeer);
    const genesisBlock = await channel.getGenesisBlock({ txId: myClient.newTransactionID() });
    let res = await channel.joinChannel({
        targets: [defaultPeer],
        txId: myClient.newTransactionID(),
        block: genesisBlock
      }, 120000);

    const installReq = {
      targets: [ defaultPeer ],
      chaincodePath: ccPath,
      chaincodeId:'ax-chaincode',
      chaincodeVersion: 'v2',
      chaincodeType: 'node'
    };
    let installRes = await myClient.installChaincode(installReq, 120000);

    let instantiateResponse = await channel.sendInstantiateProposal({
      targets: [ defaultPeer ],
      chaincodeId: 'ax-chaincode',
      chaincodeVersion: 'v2',
      chaincodeType: 'node',
      txId: myClient.newTransactionID()
    });

    // This fails
    console.log(instantiateResponse);
};

Since the language is node I have to provide the absolute path to the chaincode. My folder structure is

- chaincode
  - src
    - ax-chaincode
      - package.json
      - index.js (fabric-contract-api used)
- server
  - index.js (where I am calling the above code)

If I run client.queryInstalledChaincodes(defaultPeer) then it returns this log so I guess the chaincode is being installed.

{ chaincodes: 
   [ { name: 'ax-chaincode',
       version: 'v2',
       path: '/home/varun/Algorythmix/Core-Projects/ax-boilerplate/chaincode/src/ax-chaincode',
       input: '',
       escc: '',
       vscc: '',
       id: [Object] } ] }

How do I fix this? I want to stick to using nodejs and not change my chaincode to golang. The example also pulls the certificates and stores it in the root folder so it can be accessed without having to do docker exec -it bash.