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You can use this free Mailvita EML to PST converter for Mac software, this software will help you to convert emails from EML to PST this format. This is a free tool to convert your all emails from EML to Outlook PST format.
Sorry to tell you this kishorkumar Rajendran but there is no way to recall email once sent with Windows live email . As it is a "web based email client", it has no repository to recall the email from .
Recall only works if: you are using an Microsoft Email Exchange account. (and then it is still a little flaky, as it depends on the recipient also has an exchange email account).