After almost 24 hours, I have managed to solve this issue as painless as possible.
The best way is to actually remove almost all printers and reinstall them.
The only printers that I did not remove were 'One Note' and 'Send to One Note'.
Everything else including the printers from 'optionalfeatures.exe' had to be removed and reinstalled after a reboot.
Now e-sword is OK, with COMMITTED never above 9GB.
Very strange problem considering that printing has nothing to do with e-sword which does not even have a print function!
Well, I hope it does not return.
Thanks to Bug Hunter for your help in replicating this.