diff --git a/compiler/fir/fir2ir/tests-gen/org/jetbrains/kotlin/test/runners/codegen/FirBlackBoxCodegenTestGenerated.java b/compiler/fir/fir2ir/tests-gen/org/jetbrains/kotlin/test/runners/codegen/FirBlackBoxCodegenTestGenerated.java
index d09b6737810..2cb176fd24f 100644
--- a/compiler/fir/fir2ir/tests-gen/org/jetbrains/kotlin/test/runners/codegen/FirBlackBoxCodegenTestGenerated.java
+++ b/compiler/fir/fir2ir/tests-gen/org/jetbrains/kotlin/test/runners/codegen/FirBlackBoxCodegenTestGenerated.java
@@ -17456,6 +17456,12 @@ public class FirBlackBoxCodegenTestGenerated extends AbstractFirBlackBoxCodegenT
                 runTest("compiler/testData/codegen/box/extensionFunctions/contextReceivers/iteratorOperator.kt");
             }
 
+            @Test
+            @TestMetadata("kt51863.kt")
+            public void testKt51863() throws Exception {
+                runTest("compiler/testData/codegen/box/extensionFunctions/contextReceivers/kt51863.kt");
+            }
+
             @Test
             @TestMetadata("overload.kt")
             public void testOverload() throws Exception {
diff --git a/compiler/ir/ir.psi2ir/src/org/jetbrains/kotlin/psi2ir/generators/CallGenerator.kt b/compiler/ir/ir.psi2ir/src/org/jetbrains/kotlin/psi2ir/generators/CallGenerator.kt
index bb2353dbdbf..2343a8b5752 100644
--- a/compiler/ir/ir.psi2ir/src/org/jetbrains/kotlin/psi2ir/generators/CallGenerator.kt
+++ b/compiler/ir/ir.psi2ir/src/org/jetbrains/kotlin/psi2ir/generators/CallGenerator.kt
@@ -406,26 +406,26 @@ class CallGenerator(statementGenerator: StatementGenerator) : StatementGenerator
         irCall: IrFunctionAccessExpression,
         irResultType: IrType,
         contextReceivers: List<IrExpression>
-    ): IrExpression =
-        if (call.isValueArgumentReorderingRequired()) {
-            generateCallWithArgumentReordering(irCall, startOffset, endOffset, call, irResultType)
+    ): IrExpression {
+        contextReceivers.forEachIndexed(irCall::putValueArgument)
+        return if (call.isValueArgumentReorderingRequired()) {
+            generateCallWithArgumentReordering(irCall, startOffset, endOffset, call, irResultType, contextReceivers.size)
         } else {
-            for ((index, valueArgument) in contextReceivers.withIndex()) {
-                irCall.putValueArgument(index, valueArgument)
-            }
             val valueArguments = call.getValueArgumentsInParameterOrder()
             for ((index, valueArgument) in valueArguments.withIndex()) {
                 irCall.putValueArgument(index + contextReceivers.size, valueArgument)
             }
             irCall
         }
+    }
 
     private fun generateCallWithArgumentReordering(
         irCall: IrFunctionAccessExpression,
         startOffset: Int,
         endOffset: Int,
         call: CallBuilder,
-        irResultType: IrType
+        irResultType: IrType,
+        contextReceiversCount: Int
     ): IrExpression {
         val irBlock = IrBlockImpl(startOffset, endOffset, irResultType, IrStatementOrigin.ARGUMENTS_REORDERING_FOR_CALL)
 
@@ -447,7 +447,7 @@ class CallGenerator(statementGenerator: StatementGenerator) : StatementGenerator
         for (valueArgument in resolvedCall.valueArguments.values) {
             val index = valueArgumentsToIndex[valueArgument]!!
             val irArgument = call.getValueArgument(valueParameters[index]) ?: continue
-            irCall.putValueArgument(index, irArgument.freeze(valueParameters[index].name.asString()))
+            irCall.putValueArgument(index + contextReceiversCount, irArgument.freeze(valueParameters[index].name.asString()))
         }
         irBlock.statements.add(irCall)
         return irBlock
diff --git a/compiler/testData/codegen/box/extensionFunctions/contextReceivers/kt51863.kt b/compiler/testData/codegen/box/extensionFunctions/contextReceivers/kt51863.kt
new file mode 100644
index 00000000000..55bfec438bb
--- /dev/null
+++ b/compiler/testData/codegen/box/extensionFunctions/contextReceivers/kt51863.kt
@@ -0,0 +1,20 @@
+// !LANGUAGE: +ContextReceivers
+// TARGET_BACKEND: JVM_IR
+// WITH_STDLIB
+
+import kotlin.test.*
+
+context(String, List<String>)
+fun test(x: Any, y: Int = 0): List<Any> = listOf(this@String, this@List, x, y)
+
+fun box(): String {
+    with("context1") {
+        with(listOf("context2")) {
+            assertEquals(
+                listOf("context1", listOf("context2"), listOf(1), 1),
+                test(y = 1, x = listOf(1))
+            )
+        }
+    }
+    return "OK"
+}
\ No newline at end of file
diff --git a/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/IrBlackBoxCodegenTestGenerated.java b/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/IrBlackBoxCodegenTestGenerated.java
index 18ed1195550..a3ef1974cb8 100644
--- a/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/IrBlackBoxCodegenTestGenerated.java
+++ b/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/IrBlackBoxCodegenTestGenerated.java
@@ -17456,6 +17456,12 @@ public class IrBlackBoxCodegenTestGenerated extends AbstractIrBlackBoxCodegenTes
                 runTest("compiler/testData/codegen/box/extensionFunctions/contextReceivers/iteratorOperator.kt");
             }
 
+            @Test
+            @TestMetadata("kt51863.kt")
+            public void testKt51863() throws Exception {
+                runTest("compiler/testData/codegen/box/extensionFunctions/contextReceivers/kt51863.kt");
+            }
+
             @Test
             @TestMetadata("overload.kt")
             public void testOverload() throws Exception {