Ok, here is a hack that works!
Comment the line 28 (die) in wp-settings.php,
Comment the line 592 (DELETE FROM $tableoptions WHERE option_name = ‘comment_allowed_tags) in wp-admin\upgrade-functions.php
Upload wp-settings.php & upgrade-functions.php, run the normal install, ignore the errors displayed, run the upgrade.php.
uncomment the line 28 (die) in wp-settings.php & upload it again.
And you are good to go!!!