Bajirao II surrendered to the British
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On 13 June 1817, the Company forced Baji Rao II to sign an agreement renouncing claims on Gaekwad's revenues and ceding large swaths of territory to the British. This treaty of Poona formally ended the Peshwa's titular overlordship over other Maratha chiefs, thus officially ending the Maratha confederacy.
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Answer:
He was forced to surrender.
So the statement is true.
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