Yes, your theory makes sense. However, chances are you have lost your email. If recipient filtering was working correctly, Exchange would have immediately rejected the email on the grounds the
[email protected] did not exist. If it wasn't working, it would have bounced with a non-delivery report fairly quickly after accepting the email. The onus is then on the sender to retransmit the message if they wish.
If there is any email on the server, it'll be in Exchange System Manager > Servers > your server > Queues. I somewhat doubt you'll find anything there though; Exchange should have rejected or bounded the email immediately on receipt.
>> Can I direct the exchange server to re-process any undeliverable mail?
If it has bounced it, no, the mail has gone and will be lost forever. Email is fairly resilient and had your server not been accessible on port 25, properly configured sending MTAs would have waited 2 days or more before timing out and returning the email to the sender. Since your server was actually online and actively rejecting email, it will be long gone by now.
-Matt