Why container fails to start with the message "System error: exit status 1" after upgrading the docker package to docker-1.10.3 ?

Issue

• Why container fails to start with the message "System error: exit status 1" after upgrading the docker package to docker-1.10.3 ?
• When container fails to start, following message related to oci-register-machine is seen in the logs

Jul  6 11:34:01 localhost oci-register-machine[24116]: 2016/07/06 11:34:01 Register machine: prestart d4d60e96f1e8033b87041b786cd0f70baaa738fdd408c316a0fdea00b7af467c 24111 /var/lib/docker/devicemapper/mnt/b4c4f14f5e1f371f009292e52a56b8a5d0c9255a5b1635355b7c4d32b8aef6a6/rootfs
Jul  6 11:34:01 localhost oci-register-machine[24116]: 2016/07/06 11:34:01 Register machine failed: Failed to determine unit of process 24111 : Invalid argument
Jul  6 11:34:01 localhost journal: time="2016-07-06T11:34:01.453014730+05:30" level=warning msg="signal: killed"
Jul  6 11:34:02 localhost journal: time="2016-07-06T11:34:02.055227385+05:30" level=error msg="Handler for POST /v1.22/containers/d4d60e96f1e8033b87041b786cd0f70baaa738fdd408c316a0fdea00b7af467c/start returned error: cantstart: Cannot start container d4d60e96f1e8033b87041b786cd0f70baaa738fdd408c316a0fdea00b7af467c: [9] System error: exit status 1"