boot - Installing Ubuntu with preloaded Windows 7

I am trying to install Ubuntu as a Dual Boot with my preloaded Windows 7.
I have a 1 TB hard disk. Primary Partition for windows is limited at 80gb and the rest of the space was unallocated and i booted from the Ubuntu CD.

According to one of the Tutorial i created a 2GB swap space and allocated 50GB as Primary ext4 partition and installed Ubuntu.

Now when i boot the PC and try to load into Windows i get the following error

I googled and found that its the boot loader error on the grub2. But i am not sure how i can fix the error after trying out a few ways as described in these forums hence am posting a question here.

Update 1

I booted into a Windows 7 Live CD and went to the Command Prompt and ran the following two commands

bootrec.exe /fixboot

bootrec.exe /fixmbr

Now the PC boots directly into Windows and doesnt allow me to Boot into Ubuntu :P
Any idea now how to recover my Linux Installation ?

Update 2

I booted into Ubuntu Live and installed boot-repair and tried to run it.

But even after 1 hour it keeps saying Scanning and doesnt go forward as suggested by many forums.