 The money was paid into the account, but before the dividend was distributed, Rolls Razor Ltd went into voluntary liquidation.Quistclose sought to recover the money, contending that its agreement meant Rolls Razor Ltd held the money on trust.Barclays contended that the account was part of the general assets of the company and that it was entitled to exercise a set-off of the money in the account against the debts that Rolls Razor owed with respect of Barclays.