Hapless Lord panics being a bundle of nerves (6,4)

I believe the answer is:

spinal cord

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'a bundle of nerves' is the definition.
I can't judge whether this definition defines the answer.

'hapless lord panics' is the wordplay.
'hapless' indicates anagramming the letters.
'lord'+'panics'='lordpanics'
'lordpanics' anagrammed gives 'SPINAL CORD'.

'being' acts as a link.

Can you help me to learn more?

I've seen this clue in The Irish Times.

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