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 e2b23e97e89..410222ab017 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
@@ -15454,6 +15454,18 @@ public class FirBlackBoxCodegenTestGenerated extends AbstractFirBlackBoxCodegenT
             runTest("compiler/testData/codegen/box/exclExcl/genericNull.kt");
         }
 
+        @Test
+        @TestMetadata("kt48440.kt")
+        public void testKt48440() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440.kt");
+        }
+
+        @Test
+        @TestMetadata("kt48440_2.kt")
+        public void testKt48440_2() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440_2.kt");
+        }
+
         @Test
         @TestMetadata("primitive.kt")
         public void testPrimitive() throws Exception {
diff --git a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/intrinsics/IrCheckNotNull.kt b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/intrinsics/IrCheckNotNull.kt
index 3ca3f25b515..3f42cdf295b 100644
--- a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/intrinsics/IrCheckNotNull.kt
+++ b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/intrinsics/IrCheckNotNull.kt
@@ -17,7 +17,7 @@ object IrCheckNotNull : IntrinsicMethod() {
     override fun invoke(expression: IrFunctionAccessExpression, codegen: ExpressionCodegen, data: BlockInfo): PromisedValue? {
         val arg0 = expression.getValueArgument(0)!!.accept(codegen, data)
         if (AsmUtil.isPrimitive(arg0.type)) return arg0
-        return object : PromisedValue(codegen, arg0.type, expression.type) {
+        return object : PromisedValue(codegen, arg0.type, arg0.irType) {
             override fun materializeAt(target: Type, irTarget: IrType, castForReified: Boolean) =
                 arg0.materialized().also { codegen.checkTopValueForNull() }.materializeAt(target, irTarget, castForReified)
 
diff --git a/compiler/testData/codegen/box/exclExcl/kt48440.kt b/compiler/testData/codegen/box/exclExcl/kt48440.kt
new file mode 100644
index 00000000000..758513a6ab0
--- /dev/null
+++ b/compiler/testData/codegen/box/exclExcl/kt48440.kt
@@ -0,0 +1,21 @@
+// IGNORE_BACKEND: WASM
+
+fun test(): String {
+    var exception: Throwable? = null
+    val f = {
+        exception = IllegalStateException("OK")
+    }
+    f()
+
+    if (exception != null) {
+        throw exception!!
+    } else {
+        return "Fail"
+    }
+}
+
+fun box(): String = try {
+    test()
+} catch (e: IllegalStateException) {
+    e.message!!
+}
diff --git a/compiler/testData/codegen/box/exclExcl/kt48440_2.kt b/compiler/testData/codegen/box/exclExcl/kt48440_2.kt
new file mode 100644
index 00000000000..72176014434
--- /dev/null
+++ b/compiler/testData/codegen/box/exclExcl/kt48440_2.kt
@@ -0,0 +1,22 @@
+// IGNORE_BACKEND: WASM
+
+fun <T> id(t: T): T = t
+
+fun test(b: Boolean): String {
+    var exception: Throwable? = null
+    if (b) {
+        exception = IllegalStateException("OK")
+    }
+
+    if (exception != null) {
+        throw id(exception)!!
+    } else {
+        return "Fail"
+    }
+}
+
+fun box(): String = try {
+    test(true)
+} catch (e: IllegalStateException) {
+    e.message!!
+}
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 c555d2b5f1e..0cbddd601fc 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
@@ -15346,6 +15346,18 @@ public class BlackBoxCodegenTestGenerated extends AbstractBlackBoxCodegenTest {
             runTest("compiler/testData/codegen/box/exclExcl/genericNull.kt");
         }
 
+        @Test
+        @TestMetadata("kt48440.kt")
+        public void testKt48440() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440.kt");
+        }
+
+        @Test
+        @TestMetadata("kt48440_2.kt")
+        public void testKt48440_2() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440_2.kt");
+        }
+
         @Test
         @TestMetadata("primitive.kt")
         public void testPrimitive() 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 9557de8f945..45bb45bd62b 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
@@ -15454,6 +15454,18 @@ public class IrBlackBoxCodegenTestGenerated extends AbstractIrBlackBoxCodegenTes
             runTest("compiler/testData/codegen/box/exclExcl/genericNull.kt");
         }
 
+        @Test
+        @TestMetadata("kt48440.kt")
+        public void testKt48440() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440.kt");
+        }
+
+        @Test
+        @TestMetadata("kt48440_2.kt")
+        public void testKt48440_2() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440_2.kt");
+        }
+
         @Test
         @TestMetadata("primitive.kt")
         public void testPrimitive() 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 ccf9c1f8f23..8620b6f4df1 100644
--- a/compiler/tests-gen/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
+++ b/compiler/tests-gen/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
@@ -12600,6 +12600,16 @@ public class LightAnalysisModeTestGenerated extends AbstractLightAnalysisModeTes
             runTest("compiler/testData/codegen/box/exclExcl/genericNull.kt");
         }
 
+        @TestMetadata("kt48440.kt")
+        public void testKt48440() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440.kt");
+        }
+
+        @TestMetadata("kt48440_2.kt")
+        public void testKt48440_2() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440_2.kt");
+        }
+
         @TestMetadata("primitive.kt")
         public void testPrimitive() throws Exception {
             runTest("compiler/testData/codegen/box/exclExcl/primitive.kt");
diff --git a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/es6/semantics/IrJsCodegenBoxES6TestGenerated.java b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/es6/semantics/IrJsCodegenBoxES6TestGenerated.java
index b881432fe36..a0b5e278927 100644
--- a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/es6/semantics/IrJsCodegenBoxES6TestGenerated.java
+++ b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/es6/semantics/IrJsCodegenBoxES6TestGenerated.java
@@ -11129,6 +11129,16 @@ public class IrJsCodegenBoxES6TestGenerated extends AbstractIrJsCodegenBoxES6Tes
             runTest("compiler/testData/codegen/box/exclExcl/genericNull.kt");
         }
 
+        @TestMetadata("kt48440.kt")
+        public void testKt48440() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440.kt");
+        }
+
+        @TestMetadata("kt48440_2.kt")
+        public void testKt48440_2() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440_2.kt");
+        }
+
         @TestMetadata("primitive.kt")
         public void testPrimitive() throws Exception {
             runTest("compiler/testData/codegen/box/exclExcl/primitive.kt");
diff --git a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/semantics/IrJsCodegenBoxTestGenerated.java b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/semantics/IrJsCodegenBoxTestGenerated.java
index 26dec553100..96e4cd22668 100644
--- a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/semantics/IrJsCodegenBoxTestGenerated.java
+++ b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/semantics/IrJsCodegenBoxTestGenerated.java
@@ -10535,6 +10535,16 @@ public class IrJsCodegenBoxTestGenerated extends AbstractIrJsCodegenBoxTest {
             runTest("compiler/testData/codegen/box/exclExcl/genericNull.kt");
         }
 
+        @TestMetadata("kt48440.kt")
+        public void testKt48440() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440.kt");
+        }
+
+        @TestMetadata("kt48440_2.kt")
+        public void testKt48440_2() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440_2.kt");
+        }
+
         @TestMetadata("primitive.kt")
         public void testPrimitive() throws Exception {
             runTest("compiler/testData/codegen/box/exclExcl/primitive.kt");
diff --git a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/semantics/JsCodegenBoxTestGenerated.java b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/semantics/JsCodegenBoxTestGenerated.java
index 2eda5f27f32..3174d5e70ba 100644
--- a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/semantics/JsCodegenBoxTestGenerated.java
+++ b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/semantics/JsCodegenBoxTestGenerated.java
@@ -10535,6 +10535,16 @@ public class JsCodegenBoxTestGenerated extends AbstractJsCodegenBoxTest {
             runTest("compiler/testData/codegen/box/exclExcl/genericNull.kt");
         }
 
+        @TestMetadata("kt48440.kt")
+        public void testKt48440() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440.kt");
+        }
+
+        @TestMetadata("kt48440_2.kt")
+        public void testKt48440_2() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440_2.kt");
+        }
+
         @TestMetadata("primitive.kt")
         public void testPrimitive() throws Exception {
             runTest("compiler/testData/codegen/box/exclExcl/primitive.kt");
diff --git a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/wasm/semantics/IrCodegenBoxWasmTestGenerated.java b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/wasm/semantics/IrCodegenBoxWasmTestGenerated.java
index 8ed3495e527..63ed3efc7e8 100644
--- a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/wasm/semantics/IrCodegenBoxWasmTestGenerated.java
+++ b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/wasm/semantics/IrCodegenBoxWasmTestGenerated.java
@@ -5268,6 +5268,16 @@ public class IrCodegenBoxWasmTestGenerated extends AbstractIrCodegenBoxWasmTest
             KtTestUtil.assertAllTestsPresentByMetadataWithExcluded(this.getClass(), new File("compiler/testData/codegen/box/exclExcl"), Pattern.compile("^([^_](.+))\\.kt$"), null, TargetBackend.WASM, true);
         }
 
+        @TestMetadata("kt48440.kt")
+        public void testKt48440() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440.kt");
+        }
+
+        @TestMetadata("kt48440_2.kt")
+        public void testKt48440_2() throws Exception {
+            runTest("compiler/testData/codegen/box/exclExcl/kt48440_2.kt");
+        }
+
         @TestMetadata("primitive.kt")
         public void testPrimitive() throws Exception {
             runTest("compiler/testData/codegen/box/exclExcl/primitive.kt");