Windows 10 Creators Update failure, 0x8024200D error

If you are running Windows 10 with a system partition encrypted (with VeraCrypt or other 3rd party software) then it is likely that the Windows 10 1703 Update (Creators Update) would fail.

It would just start Windows in the recovery mode, then on normal boot would just report that the update failed to install.

To fix it simply fully decrypt the system partition, install the update and encrypt it back, if you need it.