You can fix your device in 2 min.
Step 1 -> Download Android SDK from developer.android.com Extract the sdk on to the root of your harddrive say C:\android-sdk-windows\
Step 2 -> Download a88.img recovery, that will fix your problem
Download here a88.img
Step 3 -> Copy that recovery file(a88.img) in android-sdk-tools\tools\
Step 4 -> Place your phone in Fastboot mode. (Endkey + Vol. down + Power).
It should show "Enter fastboot mode"
Step 5 -> Open cmd from run. change your directory to android sdk folder.
syntax: cd C:\android-sdk-windows\tools
Step 6 -> Type in fastboot and flash the recovery with a88.img
(i) syntax: fastboot flash recovery a88.img
(ii) syntax: fastboot reboot
Step 7 -> Remove battery and put it back in then reboot.
Step 8 -> Yay!!!! your device reboots now
Thanks to varun mehra