Type "mail" in a terminal. You'll see them ;)
@aakita check ur mail server its working correct or not
Thanks to all for the tips... something changed in my system with postfix when I upgraded to Mountain Lion. Through some pointers here, I managed to find this article that solved my problem. The mails arriving now. I hope this article helps others using a localhost installation on Mountain Lion...
http://benjaminrojas.net/configuring-postfix-to-send-mail-from-mac-os-x-mountain-lion/
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