Well!! I found this way convenient , check for the height attribute of image to be 0, then you can overwrite the src attribute with default image: https://developer.mozilla.org/en-US/docs/Web/API/HTMLImageElement/Image
image.setAttribute('src','../icons/<some_image>.png');
//check the height attribute.. if image is available then by default it will
//be 100 else 0
if(image.height == 0){
image.setAttribute('src','../icons/default.png');
}