Not sure whether below approach will solve your problem or not, please try once.
I have also faced the same issue while executing below command.
D:\My_Project>ng serve
Then I have followed below steps and it worked for me.
D:\My_Project>npm link
D:\My_Project>ng serve
If this is not working kindly let me know I will try to reproduce the error which you are getting and try to give you solution as soon as possible.