We report a detailed experimental study on the structural and magnetic properties of Li3NiCuBiO6 by means of various characterization techniques. It crystallizes into a monoclinic crystal structure composed of a layered magnetic honeycomb lattice along the c-axis. The existence of glassy state below 4 K is indicated by dc and ac susceptibility measurements. Magnetic contribution to the total heat capacity also peaks around the freezing temperature, and its linear temperature dependence backs our claim of a glassy state in the compound. The calculated magnetic entropy unveils that only ∼26% of the total entropy is released for the system (), and a tremendous amount of spin entropy is still retained in the system. Further, analysis of the frequency-dependent freezing temperature with the help of power law confirms the presence of a spin glass state. Moreover, the appearance of magnetic memory and relaxation effect below freezing temperature manifest the development of the system via a large number of intermediate metastable states. All these measurements confirm the spin-glass behavior of the compound. We consider the presence of different magnetic atoms in honeycomb lattice as the main driving factor for the spin-glass ground state.