Here we present the structural and magnetic properties of a new honeycomb material Ag3LiMn2O6. The system Ag[Li 1/3 Mn 2/3 ]O2 belongs to a quaternary 3R-delafossite family and crystallizes in a monoclinic symmetry with space group C 2/m and the magnetic Mn 4+ (S = 3/2) ions form a honeycomb network in the ab-plane. An anomaly around 50 K and the presence of antiferromagnetic (AFM) coupling (Curie-Weiss temperature θCW ∼ −51 K) were inferred from our magnetic susceptibility data. The magnetic specific heat clearly manifests the onset of magnetic ordering in the vicinity of 48 K and the recovered magnetic entropy, above the ordering temperature, falls short of the expected value, implying the presence of short-range magnetic correlations. An asymmetric Bragg peak (characteristic of two dimensional order), seen in neutron diffraction, gains intensity even above the ordering temperature, thus showing the existence of short-range spin correlations. Our electron spin resonance ESR experiments corroborate the bulk magnetic data. Additionally, the (ESR) line broadening on approaching the ordering temperature T N could be described in terms of a Berezinski-Kosterlitz-Thouless (BKT) scenario with T KT = 40(1) K. 7 Li NMR line-shift probed as a function of temperature tracks the static susceptibility (Kiso) of magnetically coupled Mn 4+ ions. The 7 Li spin-lattice relaxation rate (1/T 1) exhibits a sharp decrease below about 50 K. A critical divergence is absent at the ordering temperature perhaps because of the filtering out of the antiferromagnetic fluctuations at the Li site, i.e., at the centers of the hexagons in the honeycomb network. Combining our bulk and local probe measurements, we establish the presence of an ordered ground state for the honeycomb system Ag3LiMn2O6. Our ab initio electronic structure calculations suggest that in the ab-plane, the nearest neighbor (NN) exchange interaction is strong and AFM, while the next NN and the third NN exchange interactions are FM and AFM respectively. The interplanar exchange interaction is found to be relatively small. In the absence of any frustration the system is expected to exhibit long-range, AFM order, in agreement with experiment. arXiv:1903.08366v2 [cond-mat.str-el]