Scaffolding controller doesn't work with visual studio 2013 update 2

Question

PROBLEM:

I have updated to Visual Studio 2013 update 2 and now I cannot scaffold controllers.

The problem is not project specific: when I try to scaffold a controller, I get the following error in ALL and ANY project:

There was an error running the selected code generator:
'Exception has been thrown by the target of an invocation.'

It was working before updating to Visual Studio 2013 update 2.

Have googled the issue to death, but none of the various suggestions work

Eg:

1. Commenting out OnModelCreating in my context;

2. Removing packages such as MvcScaffolding, etc (I have none installed and it doesn't work with ANY project);

I have modified/customised some of the templates, but it was working after the changes.

EDIT:

I uninstalled Visual Studio 2013 Update 2 and thereby reverted to Visual Studio version 12.0.21005.1 REL.

The problem has disappeared. Therefore, the problem is quite definitely with Update 2.

QUESTION:

Does anyone (including Microsoft) know of a fix?

EDIT 2:

Farruk Subhani's answer does not address the question: The question clearly states that removing references to MVCScaffolding does not solve the issue.

I have added a 200 point bounty, please address the question as clearly stated.

Answer 1

A combination of things have worked for me:

1. Upgrade to Visual Studio 2013 Update 3.

2. Upgrade Entity Framework to 6.1.1

3. Modify the context configuration to use IDbSet<...> instead of DbSet<...> (I have heard that this can affect using async actions, but not apparently in my case, as I use this in my login actions, etc, as supplied by ASP.NET Identity 2 sample Nuget package).

Quite why this combination works, I have no idea. But then given the thundering silence from MS, I am probably not alone. I guess update 2 just didn't work...