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 f8ae7fa6650..ca07a2ff6b5 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
@@ -19939,6 +19939,12 @@ public class FirBlackBoxCodegenTestGenerated extends AbstractFirBlackBoxCodegenT
                 runTest("compiler/testData/codegen/box/invokedynamic/sam/genericFunInterfaceWithPrimitive.kt");
             }
 
+            @Test
+            @TestMetadata("nullabilityAssertions.kt")
+            public void testNullabilityAssertions() throws Exception {
+                runTest("compiler/testData/codegen/box/invokedynamic/sam/nullabilityAssertions.kt");
+            }
+
             @Test
             @TestMetadata("possibleOverrideClash.kt")
             public void testPossibleOverrideClash() throws Exception {
diff --git a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/codegen/ExpressionCodegen.kt b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/codegen/ExpressionCodegen.kt
index 8137dd38511..55a879d4acd 100644
--- a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/codegen/ExpressionCodegen.kt
+++ b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/codegen/ExpressionCodegen.kt
@@ -275,7 +275,7 @@ class ExpressionCodegen(
             return
 
         if (inlinedInto != null ||
-            (DescriptorVisibilities.isPrivate(irFunction.visibility) && !(irFunction is IrSimpleFunction && irFunction.isOperator)) ||
+            (DescriptorVisibilities.isPrivate(irFunction.visibility) && !shouldGenerateNonNullAssertionsForPrivateFun(irFunction)) ||
             irFunction.origin.isSynthetic ||
             // TODO: refine this condition to not generate nullability assertions on parameters
             //       corresponding to captured variables and anonymous object super constructor arguments
@@ -310,6 +310,13 @@ class ExpressionCodegen(
         }
     }
 
+    // * Operator functions require non-null assertions on parameters even if they are private.
+    // * Local function for lambda survives at this stage if it was used in 'invokedynamic'-based code.
+    //   Such functions require non-null assertions on parameters.
+    private fun shouldGenerateNonNullAssertionsForPrivateFun(irFunction: IrFunction) =
+        irFunction is IrSimpleFunction && irFunction.isOperator ||
+                irFunction.origin == IrDeclarationOrigin.LOCAL_FUNCTION_FOR_LAMBDA
+
     private fun generateNonNullAssertion(param: IrValueParameter) {
         val asmType = param.type.asmType
         if (!param.type.unboxInlineClass().isNullable() && !isPrimitive(asmType)) {
diff --git a/compiler/testData/codegen/box/invokedynamic/sam/nullabilityAssertions.kt b/compiler/testData/codegen/box/invokedynamic/sam/nullabilityAssertions.kt
new file mode 100644
index 00000000000..b2f0ad4784f
--- /dev/null
+++ b/compiler/testData/codegen/box/invokedynamic/sam/nullabilityAssertions.kt
@@ -0,0 +1,26 @@
+// TARGET_BACKEND: JVM
+// JVM_TARGET: 1.8
+// SAM_CONVERSIONS: INDY
+// FILE: nullabilityAssertions.kt
+fun box(): String {
+    fun justSomeLocalFun() {}
+
+    try {
+        A.bar {}
+    } catch (e: NullPointerException) {
+        return "OK"
+    }
+
+    return "Should throw NullPointerException"
+}
+
+// FILE: A.java
+import org.jetbrains.annotations.NotNull;
+
+public interface A {
+    void foo(@NotNull String s);
+
+    static void bar(A a) {
+        a.foo(null);
+    }
+}
diff --git a/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/BlackBoxCodegenTestGenerated.java b/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/BlackBoxCodegenTestGenerated.java
index 87ab19a4bd0..34067e8e477 100644
--- a/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/BlackBoxCodegenTestGenerated.java
+++ b/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/BlackBoxCodegenTestGenerated.java
@@ -19939,6 +19939,12 @@ public class BlackBoxCodegenTestGenerated extends AbstractBlackBoxCodegenTest {
                 runTest("compiler/testData/codegen/box/invokedynamic/sam/genericFunInterfaceWithPrimitive.kt");
             }
 
+            @Test
+            @TestMetadata("nullabilityAssertions.kt")
+            public void testNullabilityAssertions() throws Exception {
+                runTest("compiler/testData/codegen/box/invokedynamic/sam/nullabilityAssertions.kt");
+            }
+
             @Test
             @TestMetadata("possibleOverrideClash.kt")
             public void testPossibleOverrideClash() throws Exception {
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 621b350cdf9..05ecd8000c8 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
@@ -19939,6 +19939,12 @@ public class IrBlackBoxCodegenTestGenerated extends AbstractIrBlackBoxCodegenTes
                 runTest("compiler/testData/codegen/box/invokedynamic/sam/genericFunInterfaceWithPrimitive.kt");
             }
 
+            @Test
+            @TestMetadata("nullabilityAssertions.kt")
+            public void testNullabilityAssertions() throws Exception {
+                runTest("compiler/testData/codegen/box/invokedynamic/sam/nullabilityAssertions.kt");
+            }
+
             @Test
             @TestMetadata("possibleOverrideClash.kt")
             public void testPossibleOverrideClash() throws Exception {
diff --git a/compiler/tests-gen/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java b/compiler/tests-gen/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
index 4e50a92496b..e5101b1bdb2 100644
--- a/compiler/tests-gen/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
+++ b/compiler/tests-gen/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
@@ -16718,6 +16718,11 @@ public class LightAnalysisModeTestGenerated extends AbstractLightAnalysisModeTes
                 runTest("compiler/testData/codegen/box/invokedynamic/sam/genericFunInterfaceWithPrimitive.kt");
             }
 
+            @TestMetadata("nullabilityAssertions.kt")
+            public void testNullabilityAssertions() throws Exception {
+                runTest("compiler/testData/codegen/box/invokedynamic/sam/nullabilityAssertions.kt");
+            }
+
             @TestMetadata("possibleOverrideClash.kt")
             public void testPossibleOverrideClash() throws Exception {
                 runTest("compiler/testData/codegen/box/invokedynamic/sam/possibleOverrideClash.kt");