diff --git a/compiler/testData/codegen/box/inference/kt32429.kt b/compiler/testData/codegen/box/inference/kt32429.kt
new file mode 100644
index 00000000000..a07c7343cf5
--- /dev/null
+++ b/compiler/testData/codegen/box/inference/kt32429.kt
@@ -0,0 +1,14 @@
+// IGNORE_BACKEND_FIR: JVM_IR
+// TARGET_BACKEND: JVM
+// WITH_RUNTIME
+// !LANGUAGE: +NewInference
+// ISSUE: KT-32429
+
+import kotlin.properties.Delegates.observable
+
+class Test {
+    var test by observable(0) { _, _, _ ->
+    }
+}
+
+fun box(): String = "OK"
diff --git a/compiler/tests/org/jetbrains/kotlin/codegen/BlackBoxCodegenTestGenerated.java b/compiler/tests/org/jetbrains/kotlin/codegen/BlackBoxCodegenTestGenerated.java
index a23022f11a9..79d35bde305 100644
--- a/compiler/tests/org/jetbrains/kotlin/codegen/BlackBoxCodegenTestGenerated.java
+++ b/compiler/tests/org/jetbrains/kotlin/codegen/BlackBoxCodegenTestGenerated.java
@@ -12523,6 +12523,11 @@ public class BlackBoxCodegenTestGenerated extends AbstractBlackBoxCodegenTest {
             runTest("compiler/testData/codegen/box/inference/kt10822.kt");
         }
 
+        @TestMetadata("kt32429.kt")
+        public void testKt32429() throws Exception {
+            runTest("compiler/testData/codegen/box/inference/kt32429.kt");
+        }
+
         @TestMetadata("lastExpressionOfLambdaWithNothingConstraint.kt")
         public void testLastExpressionOfLambdaWithNothingConstraint() throws Exception {
             runTest("compiler/testData/codegen/box/inference/lastExpressionOfLambdaWithNothingConstraint.kt");
diff --git a/compiler/tests/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java b/compiler/tests/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
index 724b220c2e2..ddc8288441e 100644
--- a/compiler/tests/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
+++ b/compiler/tests/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
@@ -12523,6 +12523,11 @@ public class LightAnalysisModeTestGenerated extends AbstractLightAnalysisModeTes
             runTest("compiler/testData/codegen/box/inference/kt10822.kt");
         }
 
+        @TestMetadata("kt32429.kt")
+        public void testKt32429() throws Exception {
+            runTest("compiler/testData/codegen/box/inference/kt32429.kt");
+        }
+
         @TestMetadata("lastExpressionOfLambdaWithNothingConstraint.kt")
         public void testLastExpressionOfLambdaWithNothingConstraint() throws Exception {
             runTest("compiler/testData/codegen/box/inference/lastExpressionOfLambdaWithNothingConstraint.kt");
diff --git a/compiler/tests/org/jetbrains/kotlin/codegen/ir/FirBlackBoxCodegenTestGenerated.java b/compiler/tests/org/jetbrains/kotlin/codegen/ir/FirBlackBoxCodegenTestGenerated.java
index c823426a46c..87a51ec076b 100644
--- a/compiler/tests/org/jetbrains/kotlin/codegen/ir/FirBlackBoxCodegenTestGenerated.java
+++ b/compiler/tests/org/jetbrains/kotlin/codegen/ir/FirBlackBoxCodegenTestGenerated.java
@@ -11373,6 +11373,11 @@ public class FirBlackBoxCodegenTestGenerated extends AbstractFirBlackBoxCodegenT
             runTest("compiler/testData/codegen/box/inference/kt10822.kt");
         }
 
+        @TestMetadata("kt32429.kt")
+        public void testKt32429() throws Exception {
+            runTest("compiler/testData/codegen/box/inference/kt32429.kt");
+        }
+
         @TestMetadata("lastExpressionOfLambdaWithNothingConstraint.kt")
         public void testLastExpressionOfLambdaWithNothingConstraint() throws Exception {
             runTest("compiler/testData/codegen/box/inference/lastExpressionOfLambdaWithNothingConstraint.kt");
diff --git a/compiler/tests/org/jetbrains/kotlin/codegen/ir/IrBlackBoxCodegenTestGenerated.java b/compiler/tests/org/jetbrains/kotlin/codegen/ir/IrBlackBoxCodegenTestGenerated.java
index a75f642fbf8..3b53d40e148 100644
--- a/compiler/tests/org/jetbrains/kotlin/codegen/ir/IrBlackBoxCodegenTestGenerated.java
+++ b/compiler/tests/org/jetbrains/kotlin/codegen/ir/IrBlackBoxCodegenTestGenerated.java
@@ -11373,6 +11373,11 @@ public class IrBlackBoxCodegenTestGenerated extends AbstractIrBlackBoxCodegenTes
             runTest("compiler/testData/codegen/box/inference/kt10822.kt");
         }
 
+        @TestMetadata("kt32429.kt")
+        public void testKt32429() throws Exception {
+            runTest("compiler/testData/codegen/box/inference/kt32429.kt");
+        }
+
         @TestMetadata("lastExpressionOfLambdaWithNothingConstraint.kt")
         public void testLastExpressionOfLambdaWithNothingConstraint() throws Exception {
             runTest("compiler/testData/codegen/box/inference/lastExpressionOfLambdaWithNothingConstraint.kt");